Or the board does not agree with her opinion on what should be done.
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Oh dear - things a bit worse than first thought.
https://www.nzx.com/companies/CAV/announcements/302019
But no worries -F18 will be OK
Bloody competitors hurting them - no surprise there
Hope must be springing eternal for long suffering shareholders
So $3m to $5m guidance (normalised profit of course) last November to break even in February to a loss of around $2m now
They have no idea - living in hope not a good strategy
One positive is that H2 will be about break even after a around $2m loss in H1 - just that they thought it be $2m profit (normalised)
they should sell AUS division pay of debt focus on NZ reckon this will probably happen at some stage.
Those bloody competitors!
Maybe that old, much maligned management weren't the problem after all!
:confused:
Few words come to mind...SHOCKING, APPALLING...SHAMBOLIC....
Agree sb9 but as I suggested a couple of months ago their forecast seemed to lack credibility and as we all know downgrades come in three's.
Actual result could be even worse than $2 million loss. Restructuring for future profitability must be a line that's wearing very thin, (right through the carpet to the underlay so too speak), with shareholders now. A company with very serious ongoing systemic issues.