I just love it.!!!!
"2nd year of turnaround plan."
"we start the first year of our new three year growth plan."
Sorry, but no mention of a profit plan.!!!
When Greg Allen was appointed as new president for Ascalade Communications in 2007 they said "We are pleased to welcome Greg to our team," said Dr. Ho. "With a strong background in large-scale manufacturing and operations, leadership in developing relationships with multinational OEM's and an impressive track record of delivering significant growth and profitability we are confident he will be instrumental in taking Ascalade to the next level."
So they thought it was good to sacrifice the short term profits to keep growth momentum going. I say that is very bad thinking. A break even year would be a huge milestone for WDT and something shareholders would greatly appreciate IMO. The last thing needed is a bigger loss making company!
When Greg Allen was appointed as new president for Ascalade Communications in 2007 they said "We are pleased to welcome Greg to our team," said Dr. Ho. "With a strong background in large-scale manufacturing and operations, leadership in developing relationships with multinational OEM's and an impressive track record of delivering significant growth and profitability we are confident he will be instrumental in taking Ascalade to the next level."
Let the man do his job.
"When a management with a reputation for brilliance tackles a business with a reputation for bad economics,it is the reputation of the business that remains intact."
Warren Buffett.
I just love it.!!!!
"2nd year of turnaround plan."
"we start the first year of our new three year growth plan."
Sorry, but no mention of a profit plan.!!!
Yep. Seems their version of "turnaround" is more like going around in circles.
I don't hold any more (lost enough on them!), but hoped they were on the right track with swapping revenue growth for profitability. However, having shrunk revenues significantly, it seems they have simply proved how difficult this is with their product and now want to go back to swapping profitability for growth. Made even harder with high NZD.
Trouble is, when the cash runs out again (which now looks likely in 2014), will there be enough new investors to tap for funds? After all, it takes a lot more dilution for them to raise a few $m these days than it did in the old over-hyped/over-priced days.
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Originally Posted by Bobcat.
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