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Biome Technologies – after September-argued “challenges… progressing towards resolution”, already another trading warning!

By Steve Moore | Wednesday 13 November 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.


Describing itself as “a leading bioplastics and radio frequency technology business”, Biome Technologies (BIOM) has issued a trading update including “revenues for the nine months to 30 September 2024 were £3.2m… in line with management expectations” and that it “is encouraged by the progress being made in both divisions to improve revenue run rates”. But currently “a leading bioplastics and radio frequency technology business”?, and what of the shares further down, towards 5p, in response to its latest?
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