He is required by the company to purchase shares to 50% of his salary as part of his employment contract..He will need to buy again in a few months time..The CEO bought three times £2m in total and each time lost money on his purchases
Too reliant on maverick Musk for its contract wins..He is unpredictable and could easily move on elsewhere and selling his stake in filtronic.. Urgent need to diversify revenue streams..
Overall another underwhelming trading update with tiny revenue stream..Still better than last time,when it issued an effective profit and revenue warning..This time though investors are unconvinced by the jam tomorrow statement
AthatG...You gain 30p on 35% of your holding,but you will lose at least 30p on the remaining 65% as the SP will be marked down by the amount removed from it's balance sheet..
As a trading update was due in mid May,we can assume trading has been unremarkable, otherwise the company would have been quick to match last year's update in May
Daft RNS as it doesn't necessarily mean higher turnover or profit..It could even be loss making.. Revolution needs to concentrate on increasing sales globally before having a distraction in developing products..
Very ordinary update,with nothing to panic about and nothing to get excited about..No meaningful change in trading conditions for several years l suspect..Debit lower,but dividends should be removed to allow more debt to be repaid.