All Stories

Cupid you are talking bollocks

Tom Winnifrith
Tuesday 4 June 2013

The last time that online dating service Cupid (CUP) commented on an article by me it just noted that it was comment. This time I have been promoted to the rank of “market commentator” in a statement out this afternoon. Next time? “the UK’s top investigative financial journalist?” Needless to say Cupid is talking utter bollocks and that makes its shares even more of a slam dunk short.

Its RNS is in response to an article I posted earlier HERE



Its statement reads: The Board of Cupid plc. has noted misleading comments posted by market commentators speculating that the Company’s cash position is markedly worse than reported in our RNS on March 25th.  For the avoidance of doubt the Board would like to make it clear to the market that we expect to have a positive EBITDA in Q2 and that our cash position at the end of June is expected to be in excess of £10m.

Ends.

I start at the end. I discussed its net cash position (net of trade payables minus trade receivables) as at July 3rd – ie after paying the dividend. I did not say that its cash position would be markedly worse at the end of June. Cupid knows this full well because

a) Its PR team lead by uber foxy Bex (happy birthday again BTW) read the final article when it came out



b) Bex read it before it went out as I sent it to her for comment. I took on board two points she made – as I made clear in the piece – but she did not dispute other facts.



Let us assume, to make this simple

on Shareprophets | Comments
About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
Twitter
@TomWinnifrith
Email
[email protected]
Recently Featured on ShareProphets
Sign up for my weekly newsletter








Required Reading

Recent Comments


I also read