Is it just a loss of confidence?13 Oct 2015 18:47
I guess most private investors have got out after the over 3 week share suspension. The way Ronald Duncan has communicated over the last few months is the reason for the share price today.
Why does he not put out a statement to clarify the situation? He has done this before.
I'm not sure what to do now, it still seems like a company with great prospects, but it has now been a disaster from an investment point of view. Ronald always seems to get carried away, and the RNS's to shareholders are always vague. However it must be true that surely some of the contract wins over the last 2 years are going to bring in at least 10% of the figures Ron's was originally mentioning and confidence will soon return.
What I don't get is why is he not trying to reinstate confidence at the moment? If you take away the share suspension which was embarrassing how long it went on then, the half year revenues were actually up on the previous half, and there are signs of the business model and contract wins starting to bear fruit.
Can't buy any more 70% down but haven't yet decided to get out as yet. Just thoroughly annoyed with the bad communication from RD.