RE: Final Thoughts5 Aug 2024 12:01
How much lower can the SP go ? As alluded to by Saintge , in his previous post . You would like to think the damage caused by the profit warning has been more than priced in and a very low bar has been set for tomorrow’s statement. Some positive figures and forecasts hopefully will get this moving out of the depths of despair .
Was only 12 months ago, that the company let the SP drop 9% in one day, following the last trading statement to a gradual decline of 40% , without any positive news to counteract this . 11 wks latter they report robust figures that have exceeded expectations. SP high of £10.80 July 28 , 2023 - to a low of £6.45 10 October 2023 . Other than mentioning, they may relist on the American markets, which had a fairly disastrous effect. No news was shared by the company to how well it was actually doing.
I sincerely hope Mr Hatch has somewhat sharpened up his approach on managing and stabilising, the SP. It’s been extremely volatile under his CEO ship .