RE: CCs statement on 17th March 202113 Feb 2022 14:08
Hi Dontgive, another worry of mine regarding the share buy-back you suggest is that, had they bought back when you first suggested, the bank balance would now be a lot lower and the share price would not be a lot higher, if at all higher..
As long as they spend wisely and turn a profit before they nearly reach zero in the bank, I'd consider it money well spent on marketing, product development etc. For me, getting to profit is the paramount objective. There's not much point in money in the bank if it's not for spending on improving the business, or for giving as a dividend, and there's no chance of a divi any chance soon. If they can turn a profit the sp will sort itself out. Of course, the sooner the better for the profit but she says UK and Eire first.
We should get more info in March but she did give quite a bit of info in the recent RNS and in the webinar. There's only so much she can predict so can only give what she is pretty sure of, and that's subject to change as we've found.
I'm happy for her to concentrate on the business and get the team (and DX) to do what they are supposed to do. That would go quite far to turning a profit now that she has 'turned things around' (hoping that she has 'turned things around' to get to where we are now).