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Jaywing – after I previously questioned how supportive the lenders really remained, that now looks about to be tested…

By Steve Moore | Monday 13 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.

Marketing and risk and data consulting company Jaywing (JWNG) has issued a “Board, Trading Update, Strategic Review Conclusion”-titled announcement including “in the year just ended the company will report flat YoY revenue in FY24 on a constant currency basis, down slightly in real terms… Whilst market conditions remain tough it is also true that the industry outlook is improving”. So why currently a further 17.5% share price fall to 2.6p?
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