RE: £1bln+ addressable defence market1 Jun 2026 09:24
This is from a report recently and maybe imo is why trust in the company could be still at a low and could still take time to return, many investors were hurt the first time around last year, then the huge discounted placement recently really didn't hhelp to build trust when once again investors saw the capital SLASHED BY SOMETHING IN THE REGION OF 50%.
More awkwardly, the comparatives themselves have become slippery. Last year’s interim numbers had to be restated after bookkeeping errors overstated both revenue and profit. Reported H1 FY25 revenue fell retrospectively from £3.8mn to £2.5mn, while operating profit shrank from £0.6mn to little more than break-even.
Management says cash balances were unaffected. Even so, for a young consultancy whose value rests largely on credibility and execution, accounting revisions are not ideal.
GLA and DYOR etc.