RE: Clark5 Jul 2023 13:30
IMO I don’t think they ever thought an offer was likely. Even with the share price crash nobody was interested. If you look at the tone of the RNS it’s as if to say, criticise us and we’ll sell up. Realistically SIS is not an attractive proposition. They have created a company that sells products for less than it makes them.
It has also changed tack on the amount of advertising it does and this has had a knock on affect with sales to the website. So the high growth formula that just increased losses has been scaled back.
The company is fundamentally flawed and employee reviews suggest all is not well within