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Saietta – as I warned, shares further crash. “Strategic Review and Formal Sale Process” desperation as possible end-of-next-week planning for administration!

By Steve Moore | Friday 23 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.


Writing on Saietta Group (SED) last week, I noted the shares slumping by a further more than 50% to below 7.5p but still a Sell as I questioned for how much longer is this group ‘commercial’. Now an intra-day (uh oh), 1:40pm, “Strategic Review and Formal Sale Process” announcement.

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