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Cordel Group – interims, “positive progress with contract wins and exciting partnerships”? Er...

By Steve Moore | Tuesday 1 February 2022

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 transport data technology group when it was Maestrano, in October with the shares down to 13.5p I concluded there looked to still be much ‘growth trend’ work to do to justify the valuation and meanwhile there was also cash burn concern and I continued to avoid. The now Cordel Group (CRDL) has now announced results for its half-year ended 31st December 2021 including that “we have delivered positive progress with contract wins and exciting partnerships”. So why are the shares a further more than 10% lower to below 9p?…

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