By Steve Moore | Thursday 25 April 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.
I previously wrote on Vianet Group (VNET) towards the end of 2022, concluding cautiously with the shares at 63.5p though noting I’d monitor for trading momentum and cash generation swings. The shares were at the same level at the end of October last year but have risen significantly since and currently further today to 116p on the back of “Contract Win” and “Trading Update” announcements. How’s the group’s trading momentum and cash generation now?
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