The outlook statement is terrible13 May 2020 08:18
Company
· The uncertainty surrounding the duration and impact of the COVID-19 pandemic on the global economy, makes it not possible to provide a clear view on the full year outlook and the Company withdraws the previous guidance for the year
· The Company is proceeding on the assumption that trading remains challenging and is therefore implementing measures to take further actions on operating costs and focus on controlling cash
· Given the ongoing uncertainties, as is prudent, the Company continues to review all future funding and refinancing options to increase liquidity
This is what really stood out for me. Market hates uncertainty and they’ve said they don’t really know what’s going to happen and they can’t guarantee they won’t need more money.
Very disappointing to see such an amateurish statement like that. There was no need to add that.
Bought in yesterday with a small holding, wished I waited as I think Angus might get early 30”s.