CFO loss still not repaired15 Jan 2025 16:21
It's after the CFO left that the shares collapsed. They were around the 50p mark but him leaving seems to really have caused a lack of confidence in these shares. Cannot stress how important reputations are especially in conjunction with good staff.
In addition, CRTA still has to prove that it can pull in the turnover, not just sign good contracts with IBM and TD.
I think if the turnover had been nearer the $13m lower estimate, then these shares would have continued their rally. $7.1m annual turnover, much as I am a major fan of CRTA, was a disappointment. It makes you wonder what so many branch offices are doing - no wonder it has been so easy to cut staff - they were just not bringing in the bacon.
We need to see some proof now of deals leading to annual growth. There is still no real explanation of how the IBM is expected to improve trading - i.e. an estimate of its effect on annual turnover, so shareholders are in the dark. Same on TD. More flesh on the bones needs to be provided..........
SK said he had a further update to come - this needs to explain things.