Team Internet reports first half results, no news on acquisition
Team Internet's first half reads like a company buying time while the market decides whether to keep the lights on.
Revenue down 32% across nearly every segment is not a soft patch. It is a structural contraction.
The Comparison segment holding steady tells you where the real margin lives, and where the rest of the business is bleeding.
Silence on the acquisition front is the loudest part of the release. Either the deal is dead, or the price is being renegotiated downward.
AIM-listed microcaps live and die on narrative. With the story paused and the numbers deteriorating, the bid is the only thing left holding the share price together.
Watch the next interims. If revenue stabilizes around this lower base, the market will treat it as a reset. If it slips further, the acquisition talk will return as a rescue, not a growth story.
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