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Gattaca – states adjusted profit before tax “ahead of expectations”, but what about the outlook?

By Steve Moore | Wednesday 16 August 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.


'STEM' skillsets staffing company Gattaca (GATC) has issued a trading update including that it “expects to report continuing underlying PBT of £2.5m for FY23, ahead of expectations… intends to recommend a full year dividend in line with its policy of 2.5p per share, accompanied by a one-off special dividend of 2.5p per share… intends to launch a new share buyback programme with the intention of returning up to £0.5m”. With also the shares currently up to 103.5p, good news then?
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