By Steve Moore | Tuesday 3 September 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on digital inkjet technology company Xaar (XAR), in March with the shares sliding below 115p I concluded the cash burn and current clear trading challenges see me note that “strong portfolio” still very much has to be proven – and to currently retain a stance of avoid. That was with the company having updated including “we are confident that the transformation we are undergoing will lead us to become a more diversified and customer-centric organisation, with an appropriate balance between established and developing technologies. We remain focused on delivering the benefits of our strong portfolio and technology advantages to shareholders”. Today a “Trading update & revised date for interim results”. Doesn’t sound encouraging!...
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