Member Info for JG68

Meant to say far more upbeat during the march PW

Byehi

It's more the downbeat tone of his commentary, he sounded far more upbeat and confident in returning to growth H2 for gocompare and b2b.

This has left me half expecting further downgrades in the coming months.

It's such a downturn from Steinbergs last FY results in Dec 24.

This was the headline in Steinbergs last fy24 results in Dec 24 just before this clown took over.

Growth Acceleration Strategy delivering good progress

H2 momentum driving the return to organic growth

Now look at us

Awful, dire read.

Whatever this clowns strategy is, its failing miserably.

You have to ask yourself why shorts are so much higher here than RCH, WPP, MONY, my conclusion weak management.

And at this rate we could be in for an almighty impairment/write down in value, given a large portion of the NAV is intangibles/ goodwill.

I think they're targeting sub 250 tomorrow, and then probably 200.

Also the mcap is now less than the liabilities.

They'll use all excuses, the war, Google search audiences, but they've been asleep at the wheel the last year.

Tomorrow Lodan, and SG it will be grim, they've already said how deleverage will take place in H2 following the acquisition, buybacks and dividend H1.

And despite them supposedly taking a cautious view during the previous TU, with reduced margins to 25/27%, im sure this inexperienced board will have got that wrong too.

More excuses about Google search audiences bla bla, and probably zero BOD buys, because they dont want to gamble with their money.

Plus be in a net cash position at year end.

Not saying it won't get hammered on open, but its already priced like an urgent cash raise is needed

Chris

That's just half the paragraph!

However, with the benefits of an improved margin mix on active sites and a step up in demand from our affordable housing partners we expect H2 2026 profit to be in line with H2 2025 profit. The Board expects adjusted profit before tax for FY 2026 to be towards the middle of the range of analysts' forecasts1.

Yeah apart from lower h1 profits, the guidance is in tact.

Will get my 29 into the close or tomorrow morning.

Happy days.

Soon to be 28/29 imho

Rob

No body cares about your illiterate ramblings, why are you even on this board, following me you total weirdo.

Go back to your coconut casino share, your one and only investment, THG.

Says it all, pr1k.

Imo they've missed the boat with selling gocompare which they should have explored a year ago, cant see them achieving anything other than firesale offer, so not worth it now.

The buybacks seems a fruitless exercise right now because despite still generating cash and making profit, the market has decided that the business is declining yoy , so any reduction in share count and perceived increase in EPS isn't being realised whatsoever.

Really im struggling to think of anything that will change sentiment towards this sector.

Look what happened at RR with a change of leadership that the city got behind.

I just feel this ceo is a tech man, a clever mind, but not cut out to enhance shareholder value.

The sickening part of this is its still cash generative and profitable, or was when he took the role, and is now being valued as a dying business.

There was no need for dramatic change of strategy, just a tweak in a timely manner like last year to adjust.

Byehi

He just does not inspire confidence for me, in anyway when ive heard him speak.

Plus none of the board have purchased shares since last year, hardly a show of confidence.

Sometimes it takes a strong inspirational leader to change sentiment towards a company, and then the market and city will get behind them.

Nothing of the sorts here.

They've already pre warned that H1 is going to be a bit weak, ie comments relating to deleverage in H2 as a result of dividend, buybacks and the acquisition in H1, so im expecting a weak update next week.

All depends if they further downgrade or make more negative commentary on Google search as RCH did.

If its a meet expectations and no further revised guidance, then hopefully the sp will have found a base.

But as far as the ceo is concerned, nearly 18 months into the job and very poor performance.

He hardly inspires confidence, nor the CFO to get margin forecast so very wrong in a matter of weeks. Awful foresight and understanding of the financial situation.

Underhanded ploy by them to pick up cheap shares, no other reason considering their last rating after February.

Should have taken the cue when the chair left after failing to oust him.

If RCH is anything to go by, next week will be a total disaster for shareholders.

My gut is telling me this complete amateur ceo understated how things really are in his BS update in March.

Im expecting another profit warning next week.

Dire update, dont think they could have made that sound worse even if they tried.

Wouldn't surprise me in the slightest if they followed Futr and warned on profits tomorrow, siting Google traffic etc.