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Feedback plc – emphasises now Elective Recovery Fund reimbursement eligibility, but balance sheet detail that dare not speak its name?

By Steve Moore | Wednesday 16 October 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.


Medical data technology company Feedback plc (FDBK) has announced its ‘Bleepa’ platform is “now eligible for reimbursement under the Elective Recovery Fund and that any Integrated Care Board or hospital in England will, with immediate effect be able to utilise this funding, by local agreement, to reimburse expenditure on the Bleepa technology… Management believes that access to ERF represents a step change in the company's commercial prospects”. What of a share price currently soaring back above 55p in response?
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