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Boku tumbles on 2019 update

Boku tumbles on 2019 update

Shares in Boku (BOK) plunged by more than a fifth after the direct carrier billing group issued a trading update for 2019. Peel Hunt – which maintained its ‘buy’ rating – said that “our conviction that Boku is the way to play the rise of the global mobile economy remain intact”. However, “extrapolating trends” seen during the past year, the house broker has “rebased” its forecasts “at a lower level” for 2020.

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