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Windar Photonics – what’s the “proposed placing” really mainly for?…

By Steve Moore | Monday 8 April 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.

“New Order, Trading Update and Proposed Placing”-titled announcement from LiDAR wind sensor and software company Windar Photonics (WPHO) today with CEO Jorgen Korsgaard Jensen emphasising “this new order also makes history for the company as it records its first revenue stream from software sales… look forward to continued progress as we seek to expand our offering further by selling not only upfront software licenses but also additional performance software-related improvement services”. So what of the shares currently at 34p in response?
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