RE: Long term prospects look good30 Sep 2021 17:56
Hot Chip the Company has done brilliantly with their Covid sales and getting into Boots and Lloyds
Was a fantastic achievement for them. However their communication skills are lacking.In March 2021 they advised that they would be bringing new products to the market at regular intervals.They then stated that it would be October 2021, then the first quarter of 2022.Now they say it will be in 2022.
To answer your question directly no it is not good enough. They have left the market with no detailed picture of when new revenue streams will start .There is no way of predicting how much Covid income will be received.In these circumstances I don’t see Mr Market relating them anytime soon.The sad part part is that when the y were basking in the glory of their Covid achievements they failed to launch any products . Now they have shot themselves in the foot .If they can’t be more precise than 2022 the market will wait and see when these new products are actually launched and what the sales are.They/should have enough cash to avoid the need for a placing in the next few months.As I say their communications have not been up to standard .