Happy I invested at 69p prior to the trading update which has confirmed that the business transition is gaining traction and trading is strong. Management are professional and seasoned individuals preferring to err on the side of caution when predicting prospects. The fact that AMEA region in particular has traded at record levels in June, July and August adds weight to the escalating profitability since management were wary of the effects of holidays and Ramadan in previous RNS. This has obviously not happened and the 30% increase in trading is a really positive indicator of progress.
Due early October should add meat to the bones of business transition and benefits of initiate integration. Profits delivery could be improving markedly as implementation and restructuring costs were taken in H!.
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