Video streaming company Aferian has won business with Paddy Power but no-one is betting on how fast the Cambridge company can bounce back from a tricky last year.
The odds look to be slightly in Aferian’s favour; although the AIM-quoted stock is hovering clear of the 52-week low, it is way off the year high and the shareholders won’t be receiving a dividend on the back of a fire-fighting six months to May 31.
The performance is in line with a trading update delivered at the end of June, with CEO Donald McGarva insistent that the company is steadily bouncing back.
Aferian plc (LON:AFRN) is a trusted partner and global provider of innovative, scalable media and entertainment technology solutions. As an IPTV pioneer, working with over 250 operator customers in 100-plus countries, Aferian continuously innovates to help customers deliver modern video experiences. Aferian has two operating companies: 24i and Amino.
