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Beeks Financial Cloud – placing “to accelerate the company's growth strategy”. Er...

By Steve Moore | Wednesday 7 April 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.


Previously writing on financial markets cloud computing and connectivity group Beeks Financial Cloud (BKS), last month I noted a net cash outflow meaning a swing to a net debt position. Now a placing at 115p per share raising it £5 million “to accelerate the company’s growth strategy and capitalise on the significant market opportunity and solid sales pipeline”. Hmmm…

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