https://usx.co.nz/uploads/paperclip/...pdf?1657505963
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Seems a bit out of sync this "major Semiconductor customers " & H1 revenue is projected to be similar or slightly lower than the $13.4m revenue achieved in the last half year (H2 of FY2022) ?
Achieving & anticipation are two different beasts. Do they really need to talk up future sales? Where oh where have we heard that before?
Don't follow this company but seeing Percy & SB show it interest, I read through recent reports. Percy, I think "shocker" is a kind word for their recent performance
Things still not good at Syft
https://www.usx.co.nz/uploads/paperc...pdf?1675887377
According to todays Stuff paper 20 workers laid off due to softer order line but rest of biz is O K.
Syft has been very quiet with its USX announcements since the market update issued on 9 February. Annual results announcements was made in May the last two years and the first few days of June the year before that. We’re now into the last week of June and there hasn’t been any further update. Assume this is not good and maybe a sign that a capital raise is being lined up as part of the results announcement. Share price continues to drift - last sale 28 cents giving a market cap of $25 million.
Hard to believe it’s only 15 months since Ampersand turned up and subscribed for 17 million convertible preference shares at $1.30 each. Assume given Ampersand shares are preference shares, the tough trading conditions means that the ordinary shareholders are being hung out to dry because of Ampersand’s preferred position.