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iomart – “results which demonstrate the resilience of the group”. Er, do they?…

By Steve Moore | Friday 12 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.


Data centres and cloud services group iomart (IOM) has issued a trading update commencing that it “expects to deliver a solid set of full-year financial results which demonstrate the resilience of the group” and emphasising “a solid platform for enhanced revenue growth over the medium term, from extended product solutions, focused sales and marketing activity and complementary M&A”. So why are the shares currently a bit further down to 136p and from above 156p early this year?
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