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Iam hoping they’ve trying to sign off some of that $900m and need time to upgrade all the forecasts for 2022 onwards so we can get a significant broker upgrade.
Surely Eroad and Qualcomm must be out there selling.
Qualcomm sign off veoneer this month so we due some news on their business success in selling snapdragon to all the OEMs
I agree that the figures were clearly known by end July , as updated to us early in August.
I also agree that it is possible that something substantial is occuring in the background which will , hopefully, have a positive affect on our FY22 projections.That said ,assuming no Audit delays ( which is unlikely) I dont see why FY21 Results could not have been released by end of Oct , as expected, with a further RNS in 3/4 weeks later with whatever additional news may then be due for release.All very intriguing & I am sure we will all be glad to see FY21 Finals & the FY22 outlook statement.
Agreed Seeing 2020. Hard to see another reason to delay unless they are raising funds for an all out assault on the RFQ list.
I really do hope so Seeing. Unlikely be an acquisition a we don’t have enough funds to tackle the huge pipeline of business we already have ourselves. We all hope it’s not a takeover as too soon to realise our full value. Hoping if it’s anything it’s a material contract etc! Of course with our track record of communications it might be none !!!
They added up the numbers by end of July, and we were told in the Trading update early Aug. Today we have been told "The Company expects the results to be in line with its Trading Update, published on 3 August 2021."
So no issues with the numbers
My conclusion is a material corporate transaction is being worked on and the results are delayed to allow time for it to conclude, such events would be
- acquisition
- takeover
- material license deal
- etc
It is somewhat frustrating that the results have been delayed one month from what has been practice for the last number of years and as some have already commented it shouldn’t be rocket science to audit what is only a £30 million turnover company in a much shorter time frame. My only comfort is that if there was bad news on the horizon the company would be obliged to RNS this is soon as possible and therefore we can only hope that there is some positive news in the pipeline. We should also be aware that by the 24th of November virtually six months of business will be in the bag so we ‘should’ get a meaningful trading update as compared to the usual three-liner.
Except they've already told us what the results are, as the guidance in the trading update is so specific. This should relegate the publishing of the actual results to a relative formality plus an opportunity to do a further trading update.
For a lot of investors nearly 5 months to produce results would be a red flag.
6 months is an automatic suspension from Aim.
It really isn't that hard to get these out within 3 months, and suggests they lack financial control.
Whilst I don't believe that to be the case here, it can be very concerning when looking to attract new investors.
For a lot of investors nearly 5 months to produce results would be a red flag.
6 months is an automatic suspension from Aim.
It really isn't that hard to get these out within 3 months, and suggests they lack financial control.
Whilst I don't believe that to be the case here, it can be very concerning when looking to attract new investors.
So nothing on 24th October ?
Probably doing another interview to tell us how busy it is, yaaay.
From that update:
Financial highlights for FY2021
· Reported Revenue for FY2021 is expected to be A$47.3m, representing an 18% increase on the previous period and in line with market consensus
· Underlying revenue has grown 30% on the previous period when using constant currency*
· Cash at 30 June 2021 is expected to be A$47.7m, 24% ahead of market consensus
Thats suspiciously late!! What have they up their sleeve!? Are they finalising some US funding that they want to update the market on before results or signing off a few juicy deals!?
'in line with Aug 4th trading update'