What’s up ..I think the main bit is that although we are winning we are going to lose money
“This significant achievement in strategic re-alignment, won’t be obvious in our financial result for the year ending 30 June 2019, which we now expect to be a loss in the order of $6m net profit after tax.”
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
I honestly don't know how anyone can have confidence in the board or the CEO now. Surely its beyond any reasonable doubt now that fundamentally their business model is broken and massive change is needed at the top and a completely new strategy needs to be invoked.
I would imagine the bank are getting extremely nervous regarding their exposure. This company is uninvest-able in my opinion.
Last edited by Beagle; 06-05-2019 at 10:24 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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