Gresham Technologies – to exit IT contracting services after customer “consultation… and in line with the group's strategy”. Or is it?…
By Steve Moore | Friday 17 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.
‘Data integrity and control, banking integration, payments and cash management’ software and services company Gresham Technologies (GHT) states that it “is pleased to provide an update on trading and the discontinuation of its legacy IT contracting services business”. Why then are the shares currently 13.5% lower at 119p in response?
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