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Prices & Quotes - UK Markets - Smartspace Software (SMRT)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 89.00p
Change Today:
-1.50p
Market Cap:
25.15m
Sector:
Software & Computer Services

SmartSpace withdraws FY guidance following office closures

By Iain Gilbert

Date: Thursday 23 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Software provider SmartSpace withdrew its full-year guidance on Thursday after temporarily closing several offices as a result of the Covid-19 pandemic.
SmartSpace said the move was in reaction to the "unprecedented uncertainty" around the impact of Covid-19 on the global economy.

"Whilst we enjoy a degree of revenue visibility it is not possible to assess the impact it will have on the group's financial performance for the current financial year and as such, the group is withdrawing its previous guidance for the year ending 31 January 2021," said SmartSpace.

The AIM-listed group said it had taken advantage of the government's Coronavirus Job Retention Scheme to furlough 11 staff as part of an effort to mitigate the financial impact of the pandemic.

SmartSpace also said it had initiated a recruitment freeze and curtailed all discretionary spending.

As of 1100 BST, Smartspace shares had shot up 14.62% to 19.48p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SMRT Market Data

Currency UK Pounds
Price 89.00p
Change Today -1.50p
52 Week High 97.50p
52 Week Low 14.50p
Volume 7,091
Shares Issued 28.26m
Market Cap 25.15m

Performance Indicators

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SMRT Dividends

No dividends found

Trades for 30-Oct-2020

Time Volume / Share Price
15:59 7,091 @ 86.00p

SMRT Key Personnel

COO Brendan Loughrey
CEO Frank Beechinor
CFO Bruce Morrison