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WALG - Walcom News Story

0.25p 0.0  0.0%

Last Trade - 01/08/19

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £172k
Enterprise Value £464k
Revenue £3.55m
Position in Universe 1826th / 1830

BRIEF-Walcom Group Says No Significant Improvement In Trading Conditions Until Final Quarter

Wed 3rd July, 2019 10:28am
July 3 (Reuters) - Walcom Group Ltd  WALG.L :
    * WALCOM GROUP LTD - BELIEVES THERE WILL BE NO SIGNIFICANT
IMPROVEMENT IN TRADING CONDITIONS UNTIL FINAL QUARTER OF THIS
YEAR
    * WALCOM GROUP LTD - CONTINUES TO WORK WITH EXISTING
CUSTOMERS AND
IT HAS NOT LOST ANY MAJOR CUSTOMERS TO COMPETITORS
    * WALCOM GROUP LTD - WILL BE ABLE TO MEET ITS LIABILITIES AS
THEY
FALL DUE UNTIL AT LEAST END OF AUGUST 2019
    * WALCOM- ON 12 JUNE, SHANGHAI PUDONG NEW AREA PEOPLE'S
COURT HAD
ON 5 JUNE 2019 AFFIRMED COMPANY'S CLAIM AGAINST GROUP'S LARGEST
CUSTOMER IN CHINA
    * WALCOM GROUP LTD - CHINA CUSTOMER WAS ORDERED TO FULLY
SETTLE
OUTSTANDING DEBT PLUS INTEREST WITHIN 10 DAYS OF DATE OF
JUDGEMENT
    * WALCOM GROUP LTD - SHANGHAI PUDONG NEW AREA PEOPLE'S COURT
RECEIVED A NOTICE OF APPEAL FROM CHINA CUSTOMER
    * WALCOM GROUP LTD - REMAINS UNCLEAR WHETHER OVERDUE
RECEIVABLES
WILL BE RECOVERED FROM CHINA CUSTOMER

Source text for Eikon:  ID:nPRr38A50a 
Further company coverage:  WALG.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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