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Actual Experience plc – from a claimed “'need to have' for IT and Operations leaders alike” to administration in less than four months! (as I warned)

By Steve Moore | Tuesday 7 November 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.

Previously writing on Actual Experience plc (ACT), in July as its Chief Revenue Officer Roy Jugessur argued the company’s “continued growth proves that our disruptive technology is a 'need to have' for IT and Operations leaders alike”, I questioned why it was forecast to run out of cash by December then – and concluded, despite the shares then soaring back above 1p, that it remained a financial concerns in the current challenging funding environment sell. Today an “Intention to Appoint Administrators & Suspension” announcement – how’s that “'need to have' for IT and Operations leaders alike”, then Roy?!

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