re: Ann: AGM CEO's and Chairman's Pre... Sorry to sound negative, but in my opinion the shares should be placed in a trading halt from the commencement of trade tomorrow until the market is properly updated on the performance of the company.
Nealry 5 months into the financial year and we still do not have a guidance for the current year. That is disgraceful in my opinion.
Secondly, on page 28 of the AGM presentation it states that revenues for the quarter are up 60% on the same period last year, but up 4.5% on the previous quarter. According to the quarterlies for those periods, the same quarter last year produced revenue of $45m. A 60% increase on that would be $72m. The previous quarter produced revenue of $46m. A 4.5% increase on that would mean revenue of $48m. So we have a revenue figure for the first quarter of this year of anywhere between 48 and 72m, with no profit guidance nearly half way through the year.
Unless there is a trading halt in the morning the SP is going to get savaged IMO, and as much as I hate to say it, deservedly so.
- Forums
- ASX - By Stock
- BLV
- Ann: AGM CEO's and Chairman's Presentatio
Ann: AGM CEO's and Chairman's Presentatio, page-13
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BLV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online