Checkit update doesn’t reassure investors

By
0 mins. to read
Checkit update doesn’t reassure investors

AIM-listed Checkit (LON:CKT) saw its share price drop by 3.47% to 34.75p (as of 15:30 BST) after  providing a COVID-19 update. Management said that there were early signs of recovering demand for building management systems, with healthcare opportunities particularly strong, but the timing and level of purchases remain difficult to estimate. The board are using the company’s recurring revenues as a base case for planning and several employees are furloughed as the firm tightly manages its cash position.

Due to auditing delays, the final results for the year ended 31st January have been delayed, but the valuation of intangible assets on the balance sheet at the time of the results will be robustly tested.

On 30th July at 1pm we’ll be holding the next live Q&A webinar with the Master Investor himself, Jim Mellon. Please share a question for Jim below and we’ll try to answer as many as possible in the live webinar. Sign up for the webinar here.

Are you interested in joining Jim's webinar?


Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *