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GOTCHA: the Fat Lady to gig at Saietta Group

By Steve Moore | Monday 4 March 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.

Just over a week ago, though admitting should it not have made refinancing progress by the end of the next week that it may need to commence planning for an administration, it was also stated from Saietta Group (SED) that “the board continues to believe in the quality of Saietta's products and the compelling market opportunity and accordingly remains hopeful that a solvent solution for the company can be found”. I noted, though, would an interested party not just wait for the administration and do a deal from there?, and concluded that hopefully my warnings from as far back as last summer here were heeded. Today “Intention to Appoint Administrators”

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