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Gattaca – “pleased to report… trading in line with current market expectations”. Er, is it though?…

By Steve Moore | Thursday 15 February 2024

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.

Shares in specialist 'STEM' skillsets staffing company Gattaca (GATC) most recently closed at 125p and today a trading update in which CEO Matthew Wragg is “pleased to report the group is trading in line with current market expectations” and that a “strategy to invest in business development is starting to bear fruit, with two large client extensions and two more Managed Service Provider wins for the group in H1 and a growing pipeline”. So what of a currently down towards 110p share price?
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