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Gattaca – “trading statement”, how ‘well placed’ is it proving to be?

By Steve Moore | Wednesday 15 February 2023


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.


“Specialist STEM staffing” company Gattaca (GATC) has issued a trading statement emphasising half-year “NFI expected to be £22.7m (H1 22: £21.6m)… expects to report statutory net cash at 31 January 2023 of £21m (31 July 2022: net cash of £12m)” and “the shortage of candidates plays to our key strength of deep knowledge and understanding of our sectors and niche skills”. So what of a current share price response to 77p, down 15%?!
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