Has the new CEO started yet?
Is this going to be a new broom sweeps clean?
Could clean up forecasts even more and blame Geoff.
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Has the new CEO started yet?
Is this going to be a new broom sweeps clean?
Could clean up forecasts even more and blame Geoff.
Phew, finally got out after taking a 15k hit. Note to self: stop investing in growth companies! I haven't had any luck picking growth companies this year.
Unbelievable things have changed so much since AGM. I'm really disappointed. I no longer have a lot of trust in management. Had it been an unforseen disruption I would of been a lot more understanding, however their guidance was off by hundreds of millions. They knew the challenges.
Those comments hit the nail directly on the head !!
Yeap, that happens far more often than not ! Start with an even more brutal downgrade after the H1 announcement in February 2021 and then claim to have beaten guidance when they report in August and get some new forecast into the market for FY22 to try and convince the punters its still a growth company...oh and the usual as well, throw in millions of dirt cheap share options on extremely favorable multiple year terms when the shares hit rock bottom.
It should be a good opportunity to buy.
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You could easily be forgiven for thinking this whole downgrade thing has been extremely carefully crafted specifically to avoid any chance of anyone taking successful legal action against insiders for insider trading when they sold in huge volumes just a few months ago at close to double the price they are today. Don't blame you for using the adjective unbelievable, because it is ! The directors and senior management's credibility is in complete tatters in my opinion and I am sure I'm not the only one that feels that way !
Well count me as 3.
Point made. Give it a rest.