RE: Drop5 Sep 2018 16:07
Despite an ongoing programme of investment to drive sales, Footasylum's revenue growth for FY19 is now expected to be below current market expectations. As a result of this, and a lower overall gross margin from a higher amount of clearance activity in stores, the Board now expects adjusted EBITDA for the full year to be significantly lower than previous guidance, at less than half of the FY18 adjusted EBITDA of £12.5 million.
Ok they forcast fo make 6 million next year
So yes they will make something but the market reads that as not making anything. Just keeping their heads above water
Hence the SP will not rise for a while.
But dont get me wrong, i have this on my watch list... and i wish all mthe best to you who are invested or are even down. I am on other shares so im not mocking anyone here