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Eckoh – trading update, further risk to forecasts from elongated sales cycles with new enterprise clients?…

By Steve Moore | Thursday 9 May 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.


Technology for customer engagement data security company Eckoh (ECK) has issued a trading update including, for its year ended 31st March 2024, that it “expects to report adjusted operating profit of approximately £8.3m… marginally ahead of market expectations, which represents a 17% increase on FY23 pre-forex… with an improved net cash position of £8.3m at the end of the year (FY23 £5.7m), also marginally ahead of market expectations”. So what of a current share price response to 40p, approaching 6% lower?
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