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CloudCoCo – full-year results, a need to improve “financial strength and liquidity”?

By Steve Moore | Thursday 16 March 2023


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 group which describes itself as “a leading UK provider of Managed IT services and communications solutions to private and public sector organisations”, CloudCoCo (CLCO) with its shares up to 1.325p I noted argues “strong strategic and commercial progress”…but if EBITDA is bullshit earnings, what is “Trading EBITDA”?!. The group now states that it “is pleased announce its full year results for the year ended 30 September 2022”, so what of a now 1.25p share price?

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