RE: Trading Update30 Jan 2025 09:45
Laura, They got nowhere near £1m last year, surely the forecast for this year was changed after that? I really don't believe that the forecast for this year is £2m, please show the link to that forecast.
They state today that the forecast loss will be smaller than market expectations, so if you think that they could achieve profitability with £1.4m revs then are you now saying they are missing that figure?
To be honest we cannot take someone on a BB's forecasts as market expectations they tend to be benchmarked against a Broker forecast, generally from the HB, not from the BB.
I will email PS to see if he can point me to a Broker forecast.
The reason that this spooks me a little, is I am a Holder at HVO and they have just fudged a downgrade in revs and profit with an acquisition and a good 2024 update, but basically they found it hard in the second half of 2024 to get contracts signed, with clients holding back (due to US elections, economic situation, etc). This sort of rings true with the situation at PYC at eend of year where contracts were delayed into this current trading year and it looks like this still may be the case that getting deals signed is taking longer (caveats about other deals being worked on but no guarantee they will be signed this financial year).