RE: An excellent presentation21 Mar 2024 13:26
I'm struck by how the market seems to have massively over reacted on this.
He said when asked about kitchen sinking, " no the results are what they are"
It looks like some analysts expected debt to be lower but the market hasn't considered the Ferra monies coming in 24.
They seemed to emphasise what we've all been discussing, cash outflows last year and 24, and if they becomes cashflow neutral or positive next year, that in turn leads to profit.
Does this warrant a 30% sell off by the market?
Who knows.