RE: Trading Update30 Jan 2025 10:57
Pot kettle Laura, you seem to only want to read your own positive garbled logic, you moan about things which you haven't noticed have happened, you claim people post this or that when the evidence shows different (you can't edit on LSE), your forecasts are not based on anything but your own feelings, when questioned on them (and you have reposted the £1.4m breakeven figure multiple times) you claim how would you know.
You seem more and more desperate, to quell any discussion on PYC unless it is along your views. That's not how these BBs work and in investing it is a red flag when it does happen.
So I have looked up the £1.7m and can see that unlike other CROs this figure is a peak and unweighted one, which doesn't mean more than possible business has been discussed,
" a peak unweighted pipeline value of more than £1.7m"
Also just above that is some average metrics that show revenues, losses and net assets for the periods before and they show that in the 3 years up to 2024TY the average revenue dropped to £692k, the average loss was £447k and Year-end net assets at 30 June 2024 of £282k have fallen from their year-end peak at June 2020 of £1,315k.
Now I knew this was a potential turnaround situation when I invested here and indeed a couple of contracts were announced in December, however, today's trading statement, ignoring the H1 period and instead focussing on the full year (which still has 5 months to go) seems a little strange. The fact they just re-iterate revs at market expectations and losses slightly less than market expectations suggests to me the figures are nowhere near those you have been posting for months now.