Questions I would ask the BoD11 Feb 2014 13:54
1. On Nov 20th, the statement was that the yr end outcome would be fine. I cannot see why delayed contracts placed should have such an effect on 4 months trading to go. Project wins do not impact on results that quickly.
This does not make sense. They must have known this in November! Not happy about this.
2. Have their or will their be any redundancies, if not, then recovery is surely just round the corner and not years to get back to where they were going.
I am a holder because I like HYC and do think this will recover, but had I not had CGT issues this year, I would have taken more out. Alas this drop is like paying the tax up front with no cash inflow.
At least Div policy looks ok.
SB