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Ingenta – a business trading momentum and ahead of results again a Buy

By HotStockRockets | Saturday 1 April 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.


Technology and supporting services to content providers and publishers company, Ingenta (ING) has previously been featured on this website – most recently towards the end of last year when we banked a near 40% offer-to-bid gain in little more than two months with the shares at a 130p bid price. That was with the swift gains, though we had targeted 140p+ as the underlying cash generation became clearer and on further earnings/cash upgrades. A subsequent trading update, ahead of results expected in April, has added to our confidence, yet the shares are down to 114p and the following is why we consider 150p+ now realistic.
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