RE: SMRT22 Oct 2021 13:34
Paul Scott Stockopedia comments
My opinion - unfortunately for holders, this update does seem to put a question mark over the whole growth story here. Conditions may still be difficult, but they’re surely improving? Last time I was in London ( a couple of weeks ago), it seemed busy, with plenty of people back in their offices & commuting again.
Hefty continuing EBITDA losses could put the cash resources under pressure, although it reports today that it has £3.25m cash at 20 Oct 2021.
Overall then, a disappointing update. The market cap has already dropped to £30m, and is likely to take another tumble today, I imagine. But it depends how enthusiastic holders are, and whether they’re prepared to support the share price by buying more?
https://app.stockopedia.com/share-prices/smartspace-software-LON:SMRT
Still too speculative & early stage for me, and now with a much less convincing growth story.