No 2nd downgrade balance.:D
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No 2nd downgrade balance.:D
Fair enough ! Good part is that no further downgrade as mentioned by many that they come in 3's ...though they left the door open ... Here no one knows the future but its safe to assume that its only going to be better with time on Covid control progress ...
No big rush of selling I see so far ...Ozzy's are unknown here !!! So slow grind up as mentioned by many ...thats positive :t_up:
I honestly want Chairman Mr Hearn to go....adds not much value imo being UK domiciled. Sure we can find someone more capable to step in closer to home, here's a thought how about Geoff for Chairman role after he finishes up from his current interim CEO role.
Consolidation, not consolation.
Pretty much as expected. I expected the caveats and cautions to come out and they have. They are certainly covering their butt with statements like these
• However, due to the volatility arising from COVID-19, and the difficulties this presents with forecasting, naturally there is
uncertainty to this forecast
• We also acknowledge the outlook provides for a significant increase in revenue in the second half, dependent on a
number of key assumptions, including an improvement in the daigou channel and continued growth in our China label
business
• We continue to observe strong underlying brand health metrics, in particular in China, including market share expansion,
and growth of brand awareness and loyalty measures. This gives us confidence that, notwithstanding the current
headwinds, the fundamentals of the business over the medium term remain sound
They are certainly giving themselves plenty of "outs" if things go wrong which is what I expected. Fundamentals over the medium term remain sound is code speak for in the short term the headwinds are fairly strong and challenging.
I'm staying out as I think there's plenty of scope for their assumptions about the second half to be proven to be too optimistic. Time will tell. Good luck to holders.