Just from my own experience and perspective Korg. I spoke to a senior official within the company and he advised me it was NOT the PR company but someone in the IT dept who cocked up and that that person had effectively received a good kicking. Unfortunately the same individual (who shall remain nameless) also, shall we say, misled me regarding the company results, completely unnecessarily.
I also recall the company advising last year that they were trading at more or less neutral at that point. The strong implication being that they were on the verge of turning profitable. We now know that was nowhere near the case.
So, I feel I have some justification for being a bit wary of this lot but, at the same time, I do see possibilities for recovery.
I think your mistrust of management is a bit harsh. It WAS the pr company who hashed the "rns that wasnt". As for management, all they have done is deliver on promises to return to profit. Todays anouncement was the start, at least confirms deal done. But some of us already knew that.
Also got a feeling newsflow may become more frequent too.
Hmmm bit early for me. My target is 6p maximum here as theres no measurable value from this announcement - purely subjective. But I do see a chance of a recovery play notwithstanding my lack of trust in management. And it will only be a small punt if there is one. ;)
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