CloudCoCo – “year end trading update” attempts to reassure… but just stating “a key priority” doesn’t mean it will be achieved…
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.
Describing itself as “a leading UK provider of Managed IT services and communications solutions to private and public sector organisations”, CloudCoCo Group (CLCO) emphasises a year ended 30th September 2023 “performance in line with market expectations” and that its action “positions it well for continued progress in FY24, particularly in the areas of Cybersecurity and Multi-cloud”. How well is it positioned from a current 0.95p share price?
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.