Previously writing on TechFinancials (TECH), in June I noted argues “considerable progress away from the historical business model to new products and technologies”, BUT…, concluding the shares now further lower on the results announcement, towards 5p. I can see why and retain my bearish stance. Now “Proposed AIM cancellation”…
Self-styled “fintech software provider of financial solutions including blockchain-based digital assets and traditional financial trading solutions for retail clients”, TechFinancials (TECH) has (eventually) announced 2018 calendar year results, noting “trading in second half adversely impacted by tightening regulation… but with considerable progress away from the historical business model to new products and technologies…We are confident about the long-term prospects of the group and will continue to invest for the future”…
Having fallen from more than 30p in early 2018 to a recent circa 4p-5p, shares in TechFinancials (TECH) were heading towards 13p earlier today. Cue a ‘speeding ticket’ RNS being required…
I met up with Asaf from TechFinancials (TECH) the day before the show. We had a bit of a disagreement about Syria but moved swifty on as he tried to explain blockchain and his ICO to me - and I think I almost got it. Here he is at the UK Investor Show doing the same. Enjoy.
Having only listed in March at 27p per share, shares in trading software and online brokerage operator, TechFinancials, Inc. (AIM: TECH) are currently crashing towards 20p on the back of an announcement including that it “will not meet market expectations with regard to revenue and profit for the year to 31 December 2015”. With the shares having exceeded 40p in the month of their listing, is this, like Plus500 (PLUS), going to disappoint following a share price surge?
