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IDE Group – emphasises “Significant Multi-Year Contract Win”, but does it justify a +287% share price response?...

By Steve Moore | Monday 4 January 2021


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.


“Contract Win” announcement from IT services group IDE (IDE), which includes it emphasising “under the terms of the contract the partner has committed to procure services from IDE to a value of £22.5 million over the next three years… in addition to the existing circa £5 million per annum of revenue contracted with the partner”. Does the news justify the current share response to 3p – up 287%!?…

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