Toumaz (TMZ) has all the markings of the sort of stock that should be in the Bulletin Board Moron nightmare portfolio as explained HERE earlier and, indeed, it seems to have a diehard band of BB Moron enthusiasts. Results today are dismal and the cash is running out. Yet at just under 6p the valuation is £95 million. Crackers.
To be fair the company’s product, sticking plasters which wirelessly monitor patients vital signs, for use in hospitals, looks interesting but when a company says in its statement “The Group is assessing a number of concepts and opportunities in the "Internet of Things"” I really see that as a red flag in the jargon hype department. And then to the numbers.
Today Toumaz reported on the six months to June 30 2014. So here are the last three half year periods sequentially.
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