Today4 Sep 2018 21:46
This is the bit I really don’t like;
Furthermore, the Board has concluded that the cost reductions previously anticipated to be delivered by the updated Guardian product are unlikely to be achieved in the short to medium-term in the absence of further redesign, optimisation and improvements in the production cycle.
The ongoing issues identified in relation to the Guardian product, and the significance of the contribution of the Fleet division to the financial performance of the Company in the short-term, have led the Board to conclude that the Company's revenues for FY2019 will be materially below current market expectations.
Not just the materially below expectations bit but the fact that there seems to be a need for redesign, optimisation etc. Someone smarter than me on here could maybe give an idea when they think break even and profitability could be reached. The time scale seems to shift further and further away. I think a take over is the only hope for this but if the product is as good as we are told why haven’t we been bought out already?