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.
On 27th June, AIM listed Outsourcery (OUT) announced that it was holding a “Capital Markets Day.” Hmmm, this is an £12 million capitalised AIM listed POS with pretensions is it not? The company started with a raft of positive guff but then – if you had not fallen asleep and got to the bottom of the release – found that it was admitting that it was a year behind schedule and needs to raise cash this year to keep going. Now even prostitute researcher Edison is sticking the boot in – what it says and what management says look very different to me. Why would anyone refinance this train wreck?
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Comments
wildrides
I agree on the use of the latest buzz words.
Perhaps an SP competition could be had from redefining same :-
Disruptive Technology :
use of basic tech dressed up in fancy words that did not work first time around and clothed in a ponzi type outer wrapper of non fathomable creative accounting .
Cloud : place where directors head was when business conceived.
Managed Services : a thing Westminster Group would very much like to have some of, if only they could ever release enough time from name dropping to actually sell the bloody thing.
Winsome
This guy has a f***king cheek lecturing people on Dragons Den on how to make money. Gotta laugh. Get him off!
By the time its making money cloud computing will be as obsolete as Windows XP, if it doesnt go bust first.