An issue that I have seen over and over again is when a new CEO comes on board they have their own vision for the company and that vision can initially increase costs though restructure or a change of focus. There is not much in the announcement to get a good an idea of whether the impact is ongoing or what action is being taken but there is a new CEO that may answer some of the questions.
This company has a history of missing and and providing sub par announcements so I'm in no hurry to become a shareholder again but it is now on my watchlist again.
There will also probably be a further fall when the results are actually announced.
@madamswer are you still a shareholder?
Ann: Market Update, page-8
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Add GAP (ASX) to my watchlist
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