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01/03/17
09:46
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Originally posted by coxbra
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Hi guys
First time poster and another disillusioned shareholder of ISD. When is there actually going to be some Accountability within the management ranks. We were advised on 2 Feb that 1/2 year results would be announced Monday 27 Feb. They are surprisingly announced on 22 Feb and were less than impressive. When quizzing the business on why they had been announced early, i was advised of the Continuous disclosure rules etc....
So basically to an average Jo investor, the Company or better still the management, were not aware that the 1/2 year results were going to be worse than first thought on the 2 Feb, but became aware on the 22 Feb.
We are talking about their trading performance of July-Dec 2016...
If i was to operate our business having no idea how we were travelling until two months after the event, the business and I, would not last very long.
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The 1H wasn't the problem, the stock was clobbered due to the reduced guidance for 2H. 1H was not materially different to the trading update in November and, like you said, they would have had actuals for 1H weeks before Febb 22. The reduced 2H guidance would reflect performance in Jan and first half of Feb too.