Just chiming in here to collect the “I told you so’s” - I was accused quite unfairly of downramping this stock but a 90% EBITDA miss on guidance reaffirmed six months ago is a bit beyond the pale. As I’ve maintained, it’s a tough business and I don’t think it’s going to get any easier and I hope it does well as I still have a number of colleagues and friends who work there.
also, the dividend is a fig leaf covering what is an atrocious result - after a capital raise to then give money back is a bit
strange to say the least.
As an aside for the last time, 5GN has NOTHING to do with 5G as in mobile technology - 5GN is basically a SI/Carrier more similar to a very small Datacom style business.
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