RE: Boot2 Nov 2021 02:18
"I think you're being unduly harsh."
I somehow doubt that might be your view if the sequence of guidance had been reversed.
Cautious is one thing, but this is rather stretching 'under promise, over perform' even in these circumstances, I feel. If they simply don't know, then that's fine, they can say so. But they chose to guide distributions as being 4 years away. Then, a few months down the line, in the space of a couple of weeks they find circa £3m, of which they explain £1.9m, the balance of £1.1m found down the back of the sofa? This during a period when, in general, outlets have been closed, transport and shipping costs have escalated, supplies have been disrupted and input prices have been rising. They suggest they have been on top of that, so how come they aren't, apparently, on top of the numbers. The point I'm making is that one would like them to be a bit more on top of the numbers as it spoils confidence going forwards to think that they might not be. This would apply to any business, it's not singling out Shoe in particular.