No worries!12 Jan 2023 08:20
Nothing new in this RNs except the delisting (which is more than replaced by new listings in Scandinavia and South America), and decision not to invest more in the Argowan project. The revenue drop was expected and the forecast already announced when they changed distributor. We cannot drop having a distributor, as distribution is a massive task the DIS does not have the time, staff, money, or inclination to set up. The plan was always known to have a downside before a big swing to the upside, so this is no shock at all, and the MM markdown is just a knee jerk reaction from them rather that a sell off. This is a de-stocking RNS. The next trading update after the full year results is the one to watch, as re-stocking will push the numbers right back up.