Smoove – emphasises “strong growth” and stamp duty assistance, but what about its bottom-line and other macroeconomic factors?
By Steve Moore | Tuesday 27 September 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.
Describing itself as a “technology and services business aiming to revolutionise home moving and ownership”, Smoove (SMV) has announced “strong growth… demonstrates the depth of the group's relationships with its introducers and its ability to capture market growth in the remortgage segment” and that it “anticipates that the recently announced changes to stamp duty thresholds will help more people get on the property ladder which should in turn positively impact the group”. So what of a current share price response to below 44p, down 9%?
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