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Ann: BBY Research Report, page-24

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Pbnewby

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27/01/15

12:25

Post #: 14644895
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Originally posted by sparegunner ↑

Regarding what I called a re-announcement, I was not referring to the upgraded 20c sp target, I was referring to BBY re-announcing SBB's aim to increase company-owned stores, and quoting out of date figures... i.e. BBY is stating quite clearly in their 19th December report that 'Sunbridge is aiming to increase the number of company-owned stores from 24 to 70 by the end of 2014" ???
That clearly relates to an old SBB report when there were in fact only 24 company-owned stores... BUT, AS AT THE DATE OF THE BBY ANNOUNCEMENT, i.e. 19th December, 2014, SBB WERE NOT AIMING TO INCREASE THE NUMBER OF COMPANY-OWNED STORES FROM 24 to 70 BECAUSE AS AT 19th December, SBB HAD ALREADY ANNOUNCED THAT IT HAD REACHED 63 COMPANY-OWNED STORES (See announcement dated 1st December)
SO, I REPEAT, from my previous posting... 'I always think that companies re-announcing old reports with out of date projections is a bit of a worry'

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I'm going to hopefully not regret this but why is it a bit of a worry sparegunner I take it you have a speculation on what this truly means?

SBB Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
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