Three Quick Facts: Computacenter, MyHealthChecked and Go Ahead

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24th January 2022
Tony Cross
Go Ahead Group, Computacenter, MyHealthChecked

Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1. Computacenter stock shortage sees customers accelerate orders

Computacenter [LON:CCC] has published a pre-close trading update this morning, based on preliminary results for the 12 months to 31st December. Total revenue, including acquisitions, was up by 23% and the company notes the momentum seen in Q4 offers strong encouragement over the outlook for the new year. Product supply constraints have customers ordering earlier, whilst there’s also significant underlying strength in the market. Final resulst are expected around mid-March.

#2. Another revenue upgrade from COVID testing company MyHealthChecked

AIM Listed MyHealthChecked [LON:MHC] has been in focus given the role it has been playing in terms of lateral flow testing for COVID. The company issued a trading statement this morning noting that full year results are now set to exceed already upgraded expectations. Revenues are now eyed as coming in around £16.3m, up from £49,500 a year ago with an EBITDA profit of at least £2.5m. The board expects cash balances of around £6.3m and notes that the company has a strong pipeline of new products in the at-home wellness category which is plans to launch in the coming months. Could a change in how we collectively look at health be a lasting legacy of the pandemic?

#3. Go Ahead Group delayed results now expected by end of February

There’s a short update from public transport operator Go Ahead Group [LON:GOG], whose securities are currently suspended. That’s owing to delays in preparing audited results for the year to 3rd July, after accounting irregularities were revealed in relation to taxpayer funding for rail operations that should have been repaid. Expectations are now that these results will be ready for publication by the end of February.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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