Saietta – trading update states “confident… sufficient funding to meet its current requirements”. How long for are those “current requirements” then?!
By Steve Moore | Monday 25 September 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.
Electric vehicle drivetrain group Saietta (SED) has issued a “Full Year Trading Update ahead of AGM” announcement including “turnover (sales and grant income) increased 40% to £6.0m… Cash as at 31 March 2023 period end of £7.3m”. However, turnover is vanity and why approaching six months after its year-end still only a trading update for the year?
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.