RE: Final Results and Audited Annual Report & Accounts29 Sep 2021 10:44
Morning Vas,
I have had a quick read through.
There is no specific mention (from what I have read) of post period sales or revenue, just cash balance as at 31st August. On that basis, I assume this cash balance includes any revenues received 1st April to 31st Aug in the £2.1m stated "at the bank".
There is no mention, from what I can see, of the amount of $ Chill.com cost, so that is currently an unknown amount.
Unfortunately, I would personally suggest that there is stuff in there that the shorters and trolls will be able to use to further "paint" a negative picture. On the back of this. I do not personally see a reason for a reversal in the current downward direction of sp.
I was hoping to see confirmation of "post period" revenue and store count. Without this, I will not be adding to shareholding. Looks like we will have to wait for Q3 update for (hopefully) any positive news.
Looks like your investment strategy is proving to be correct so far.
BB2.