RE: Calling Onsolid'11 Jan 2024 23:24
The narrative on this BB is getting ahead of itself and it appears to all be based on so called “rumours”. The SP dropped again immediately after the US CPI data was released and yet none of the so called rumours that were floating around this board mentioned a peep of this being a factor.
Yes it’s disappointing as a LTH there have been previous misses and I still cannot understand why a clear strategy on the medium term hasn’t been addressed. The longer this goes on, the uncertainty drives the volatility. This is definitely on the BoD to address. I also agree with points made around IR, this clearly is underperforming as investors we don’t have a clue what is going on and when.
That all said, we all know the company is undervalued by the market and yet day to day we have the wider macro affecting swings in daily SP and all so called holders of this stock are up in arms pitchforks at the ready. Did the latest RNS warrant a c20% reduction in SP as well? Get a grip. There have been clear advancements in the past 12 months here rebrand of Myprotein, expansion into bricks and mortar retail, successful campaign of frozen foods, beauty returning back to growth, ingenuity focusing on longer term accounts (tbd 2024 based on Viveks interview), Biossance acquisition for basically nothing.. the list goes on and yet the price hasn’t moved.
For those trying to ridicule/tease other posters. Have a serious look in the mirror and either hit that sell button and move on or just keep away if you can’t stop yourself from looking like a d*ck.