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Zenova – “major contract win” attempted ramptastic?, why’s it still year ended November 2023 results that dare not speak their name?

By Steve Moore | Wednesday 22 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.

Fire safety and temperature management products and technology group Zenova (ZED) has issued an ‘NHS official supplier appointment’ announcement, with CEO Thomas Melchior arguing that “this is a major contract win for Zenova” and that “as an official supplier to the NHS now, we expect Zenova to be able to leverage this status in the broader marketplace”. So what’s the contract details and what about a current share price response more than 19% higher to 2.15p?
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