In their last presentation they still confirmed their full year guidance for 2017. Based on their first half they have a good task ahead of them to hit that target. I think the stock is currently priced on the basis they will miss that target badly..... if they do miss it then based on their half year balance sheet (Current liabilities were a couple of mil higher than current assets) they may require to raise some more cash, with the stock already had 12 month lows that is not what a shareholder wants to hear.
It all boils down to this current half and to see if the 4mil of annualised cost savings they mooted in the Feb annoucement have materialised or not.
News: BPF Bulletproof Group says Paula Kensington FCCA has been appointed to commence as CFO, page-9
Add to My Watchlist
What is My Watchlist?