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Carclo – ‘exceeded expectations’ trading statement arguing “now enjoys a strong financial foundation”, fooling itself or trying to fool everyone else?

By Steve Moore | Friday 26 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.

Previously on components company Carclo (CAR), in July last year with the shares at 12p I asked can it really now “approach the future with unwavering optimism”?, concluding still funding risks and a below £9 million market cap far from provided ‘unwaveringly positive’ equity funding options. The shares are currently slightly above the level of then, though only after a more than 70% rise today on the back of a trading statement – so how good is that?

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