By Steve Moore | Wednesday 24 July 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.
Earlier this year on industrial technology company Nexteq (NXQ), from HotStockRockets it was 2023 “materially improved profitability and cash generation”, but take profits on another winning share tip. That was with the shares above 150p and it noted it stating “softer customer demand seen in 2023 has, as expected, persisted in the first months of 2024” and that “the board remains confident in the medium-term organic growth prospects”, which tends to mean not confident on such short term prospects. The shares most recently closed at 122.5p and what of today announcements including “trading update” and “board transition”?
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