KODE SHARES SLUMPED 50P TO 235P AFTER BAD RESULT OF THE SUBSIDIARY

Kode International Plc shares slumped 50p to 235p on Friday with the news that its Kode Computers subsidiary, formed last year, had experienced a serious and sudden downturn; it is believed the division is over-stocked with Wyse computers which it has been forced to ship at low margins, and pre-tax profits may be as much as UKP1m down on City analysts’ forecasts of UKP3m or so.

CBR Staff Writer

CBR Online legacy content

Websites in our network

Select and enter your corporate email address

Changelog

Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.

Your corporate email address

Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.