RE: 1Sam114 Jun 2021 16:14
The first delay was because of ""is a consequence of disruption caused by Covid on the audit processes". The results were due week of 24th May.
The second delay was "The date was revised as a result of discussions with BDO, the Group's auditor, to enable BDO to complete its internal review procedures." The results were due on 14th June.
A company that has been severely impacted by the pandemic still did not have the correct processes in place to carry out a critical process even after 15 months after the pandemic started. I think they took the eye of the ball and realised too late they were not ready for the audit.
Now SP is taking a battering due to the bad news coming out later.
Compare todays movement to Superdrys after their last result which led to their SP rising from around £2.70 to over £3.50 in one day.