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An announcement from Orient Telecoms Plc ( (GB:ORNT) ) is now available.
Orient Telecoms PLC has announced a delay in publishing its annual audited accounts for the financial year ending March 31, 2025, missing the regulatory deadline of July 31, 2025. The company is actively working with its auditors, Macalvins Limited, to finalize the accounts and expects to release the audited financial results by August 31, 2025. As a result, Orient’s ordinary shares will be temporarily suspended from the Official List starting August 1, 2025, until the audited report is published. The board has expressed regret for any inconvenience caused to shareholders and will make a further announcement once the accounts are published.
Spark’s Take on GB:ORNT Stock
According to Spark, TipRanks’ AI Analyst, GB:ORNT is a Neutral.
Orient Telecoms Plc’s overall score reflects a stable financial foundation with effective cost management and low leverage, crucial strengths in the current environment. However, declining revenues and profitability, coupled with negative technical indicators, highlight significant challenges. While valuation is reasonable, the absence of a dividend yield and bearish technical trends weigh on the overall assessment.
To see Spark’s full report on GB:ORNT stock, click here.
More about Orient Telecoms Plc
Orient Telecoms PLC is an information technology company specializing in managed telecommunication services. Its core offerings include machine-to-machine networking, internet of things (IoT) solutions, cybersecurity, big data solutions, and a comprehensive range of other managed services.
Average Trading Volume: 12,019
Technical Sentiment Signal: Sell
Current Market Cap: £400K
See more insights into ORNT stock on TipRanks’ Stock Analysis page.