RE: Can't19 Aug 2015 20:57
I guess the only difference of opinion that I have with you is that I see this RNS (and previous profit warnings) as symptoms of deeper management failings rather than a simple cost control / internal communication FU. The main failing being a strategy of acquisition of just about anything at any price (I can't see the logic connecting any of the recent acquisitions) and a failure to manage the detail. So in my opinion the problems are far deeper and these are just the symptoms. I can't see this management team being capable of fixing the problems either, maybe I'm wrong but as you say only time will tell.
I bought in to this share as a recovery play 5 years ago and to be fair I didn't complain when it was all going well, so I shouldn't be so critical. I just don't see this one coming back until there is a change of direction.