Actual Experience – “year end trading update”. It mean likely revenue-decimating contract loss?...
By Steve Moore | Friday 10 December 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 experience of digital services analytics company Actual Experience (ACT), in January with the shares at 118.5p I questioned placing “to capitalise on the current market opportunity”… or to avert liquidity crunch ahoy?. Today it commences a year-end trading update with that its “first full year operating our professional services ‘land and expand’ model has seen good progress, faster customer engagement and quicker software deployment”… so why a current 29% share price fall to 40p?!…
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