Member Info for ChrisInvests

Bearing in mind adjusted operating profits add back expenditure... When adjusted operating profit is expected to be Nil, what did you think the operating result was going to be?

It seems like they've had a lot of one off items go through. My guess, and it is only a guess is this half year has been used to sort things out.

I expect h2 will be a much better set of financials.

Did you not read the trading statement on 30 July? These results are almost exactly in line with what is stated there.

Because of the profit warnings etc back in December. I'm trying to understand why it's at 46 vs 235 and that has to be the main reason.

I think the price will jump in HY2

Strong uplift... Have to remember pre accounting issues they were traded at 235ish so 48 is still miles off that. Even adjusting for the numerical differences raised it should have dropped to c. 120ish. So is 70p the difference because of "trust issues"?

Unsure what happened to my post!

Seems the market has deemed these results to be broadly in line with expectations?

In reality if they have two years of relative stability, or grow a little without having accounting issues, the price should grow.<br /><br />It sounds like they've taken a hit in H1 to make provisions against inventory and had a fair few one offs. <br /><br />Hopefully the order book comes in next Half.

Testing 50 again... Seem to bounce off it a fair bit.

Going strong today. Not a bad morning to buy in on :)

New holder on board... Think the stock is hugely undervalued in the mid term (1-3 years). Wait for the issues of this reporting cycle to wash out and post positive results it may shoot back to its old prices.

Fingers crossed