RE: SIS 2023 has been a challenging year for the Group28 Jun 2024 13:38
It was already predicted sales would be down in advance. Nothing unpredictable here, all as expected. It was the last 6 months trading update that is important. As we heard today, trading has improved and cost saving are now showing through. The company has made lots of changes and the benefits are now bearing fruit. I expect a take-over before the benefits are seen. Positive update on pre-close. Continual slow rise in share price as cost savings come in strongly.
This is similar to my Hotel Chocolate. Sales were down and things were hard. Then Mars came in and bid 200% higher and many made money. This too will get a bid.