By Tom Winnifrith | Wednesday 5 May 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.
Shame on all those such as Zak Mir who have promoted this bag of excrement for today’s trading update was a true horror both in terms of what it said but also what it did not say. Starting with the latter: this is a trading update which admits that sales are SFA but made no mention of losses or the cash position. Why not? I put it to you that if the company was drowning in cash it would shout about it. That it does not mention it at all screams out the possibility that another bailout placing is on the way. Then there is what is said which is almost as bad.
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