is awful...they spend so much on intangibles ...and then highlight ebitda lol ...I focus(ed) on ebitda minus spend on intangibles ...and that showed/s where this was/is heading...imv wrt the future ofc ...dyor
Seems the recent seller knew what he/she was doing, I wondered why some sells were well under the current spread at the time !
is setting. I was once in here at 10p.
RE: still overvalued
As a consequence of continued reductions in OEM revenues and slower than anticipated revenues from the US dealer network, coupled with the Board's strategic decision to reduce inventories within the customer supply chain, it is anticipated that full year revenue and profit will be significantly below market expectations. Furthermore, in light of current trading the Board has concluded that the Group should focus on growth of the SI Brand, cash conversion and those OEM products that add value to the SI Brand. Consequently, the Directors have performed a review of all balance sheet OEM assets resulting in an exceptional non-cash impairment charge of £2.2 million.
Read the rns mate! Expected to be below expectations.
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