I think the market has placed a very high value on historical abuse of over promising and under delivering….
So regardless of the financials, the fact is the company is not delivering in line with what has been communicated in the past...
Africa contract has now moved to Q3 which would be a "tremendous achievement" apparently but could be later... What would be good, not tremendous, is achieving it when you said it was going to happen. By end of Q2. No mention of the value of the contract anymore either...
CR seems to be on the cards despite informing the market "no more CR" in the past. Management say we are on track but may need a CR ... Does not sound on track to me. These clowns continue to dance around the china situation. Anyone would think they want a low SP... I think if management were honest with the market and stopped over promising and under delivery, perhaps the market would value in line with the financials…
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