Dibs, they are removing unprofitable business elements that were costing money. Even at the cost of revenue, so removal of the losses becomes a gain on smaller revenue, thus your margins become greater. that streamlining will effectivley ADD to proit. A point some fail to see.
Like I said the results are pre history, so looks worse than it is imo. The old ceo was clueless, NS has a total grasp of things.
The shift from ebit nutral statement to positive indicates progress.
Again fully funded for a whole 12 months, so no dilution, and expectations of the big deals.
.I agree the downside risks here substantial "from where", i only see change and improvement on what one consider an almost possible position considering we are still here. Nothing in those numbers other than the revenue drop which was explaned would trigger a substantial risk.
If revenues kept dropping than yes, but thats what i am not reading, so comments not warranted on these accounts. but he did say trading EBITDA neutral, so correct there but you did say early days.
You can read into them what you want are they better than last year simple yes or no given new CEO, would have lent you a shirt after losing yours. Still think you will make money on this but foe me long term.
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