TIL - Trilogy [formerly ECO - Ecoya]

[BlackPeter]

As I thought the 10% ebitda growth that has been touted all year had heaps of ‘hope’ written all over it. Was wishy washy wasn’t it

Profit downgrade (or hinting at one)

Just as well those holding will still get the $2.90 ...else on this news the share price probably sub $2

Trading update
TIL's guidance for FY18 remains unchanged as per Grant Samuel's independent adviser's report, which was released to the market with the Scheme Booklet on 23 February 2018. TIL notes that trading in the last three months has been relatively volatile with Ecoya brand sales lower than expected. In addition there are orders for both Trilogy and Lanocorp that may or may not close around balance date. These factors could negatively impact FY18 earnings by up to 10%.

https://www.nzx.com/announcements/315354

Don't forget that TIL management (particularly their CEO Angela Buglass) put in a lot of hard work to make the CITIC deal happen.

Trilogy International's planned takeover by Chinese conglomerate CITIC Capital was months in the making, says Angela Buglass, chief executive of the Auckland-based company.

For eight months, Buglass facilitated the deal, assisting directors and advisers with the finer details and steering commercial negotiations.

from: http://www.nzherald.co.nz/business/n...ectid=11975852

She wouldn't risk all this hard work now with providing an overly optimistic trading update - would she?

Just wondering where the company would be now if Angela would have used all this bandwidth she put into the CITIC deal instead into growing the company?

But yes, I agree - no point in fighting a board and management team who clearly have their own agenda. I guess if shareholders decline their request - it would't be that hard for them to demonstrate how little the company is really worth - would it?

Memo: time to update my "never again" list ...