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Cloudbreak Discovery – New All-Time Low With Just More Pain To Come. Still A Sell

By Nigel Somerville | Sunday 16 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.


I have been a bear of sub-Standard-listed Cloudbreak Discovery (CDL) since it floated in June 2021 as Imperial X as it rushed to join the market before it had even changed its name, at 3p. The shares closed on Friday at a now low-point of just 0.625p so the shares are already down by some 79% in less than two years – and there is more pain to come. I said at the time it was an accident waiting to happen……
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