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Smarttech247 Group PLC ( (GB:S247) ) has provided an update.
Smarttech247 Group PLC has announced a year-end trading update and a proposed delisting from AIM. The company reported significant strategic development, securing major multi-year contracts across various sectors and enhancing its service capabilities by becoming an elite partner to Splunk. Despite softer margins, the company expects revenue to exceed market guidance, with recurring revenue representing a significant portion of total revenues, indicating strong growth and resilience. The company also plans to delist from AIM, citing undervaluation on public markets and the desire for greater strategic flexibility. This move is expected to reduce costs and regulatory burdens, allowing management to focus on long-term growth and shareholder value. A matched bargain facility will be established to support shareholder liquidity post-delisting.
The most recent analyst rating on (GB:S247) stock is a Hold with a £9.00 price target. To see the full list of analyst forecasts on Smarttech247 Group PLC stock, see the GB:S247 Stock Forecast page.
Spark’s Take on GB:S247 Stock
According to Spark, TipRanks’ AI Analyst, GB:S247 is a Neutral.
Smarttech247 Group PLC’s overall score is driven by strong financial performance, particularly in revenue growth and balance sheet strength. However, technical indicators suggest caution due to overbought conditions, and the high P/E ratio indicates potential overvaluation. The absence of earnings call data and corporate events limits further insights.
To see Spark’s full report on GB:S247 stock, click here.
More about Smarttech247 Group PLC
Smarttech247 is a multi-award-winning company specializing in AI-enhanced cybersecurity services, particularly in automated Managed Detection and Response (MDR). The company offers threat intelligence and 24/7 threat detection, investigation, and response services to international clients across various sectors, including automotive, hospital, pharmaceutical, financial services, security, transport, and public sectors. With offices in Ireland, the United Kingdom, Romania, Poland, and the USA, Smarttech247 focuses on proactive prevention using cutting-edge technologies and an experienced incident response team.
Average Trading Volume: 54,975
Technical Sentiment Signal: Hold
Current Market Cap: £9.65M
See more data about S247 stock on TipRanks’ Stock Analysis page.