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16:34
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Originally posted by chibba123
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I don't think that's too flawed (or at least we've got similarly flawed thinking). If you look at the 2016 FY Update announcement on 17/12/2015:Group Managing Director Andrew Grech said, “We have previously advised the market that the performance of our UK operations during the first half has not been in line with our expectations. It is now clear to us that the slower rate of case resolutions in the first half has had a larger impact than previously thought, and that this may well flow through to a reduced profit for the full year. For this reason we have withdrawn our full year guidance and we are conducting a review of our forecasting methods so that we can provide the market with greater clarity moving forward.”is expected to contribute positively to cash flow in December and during the remainder of the financial year. The trajectory of the UK business provides confidence that we will trade through this period to be in a stronger position by the end of this financial year.”
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Chibba123, I see this is your first post on SGH , and I have to warn you that such a commonsense post is not the norm. Logical, concise and well written , I am not sure what you are doing here , but welcome . Well said.
