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Aferian – “Trading Update”, now why may it be “immediate effect” new broker appointment?

By Steve Moore | Wednesday 11 December 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.


B2B video streaming technology company Aferian (AFRN) has issued a “Trading Update and Change of Adviser” announcement including that it expects “second half revenue growth of c13% compared to H1… adjusted EBITDA in H2 FY24 of c$2.0 million compared to an adjusted EBITDA loss of $2.4 million in H1… As a result of new customer wins and an increase in sales orders in the second half of 2024, we expect this strong momentum to continue into 2025”. What of this and a current share price response up to 4p?
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