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Saietta argues since listing “in 28 months… has transformed” – financially now for the much worse!…

By Steve Moore | Thursday 19 October 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.


Saietta Group (SED) has announced full-year results commencing that “since floating on the London Stock Exchange in July 2021, in 28 months Saietta has transformed from being just an axial flux technology R&D company into a designer of a range of complete eDrive solutions for vehicle manufacturers, secured a major global OEM as its launch customer for a range of their vehicle lines, established leading manufacturing facilities in both Sunderland and Delhi and appointed high quality local supply chains”. That sounds good, but a share price down from 120p on the listing to previously 38p and now 25p suggests there is also a different story.
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