Agree the Chair report was broadbrush but what was there was welcome ie H1 trading on budget and positive. I attended and the 'vibe' was cautious. Chair was being careful not to make blue sky predictions I suspect because optimistic predictions by previous managements which were not delivered had left the market wary. Shareholders made similar comments as above about more information being desirable but I got the sense that current management will continue to be very careful until they have established a track record of delivery. If the restructure/refocus is now paying off hopefully that might not be too far away. We will get a better idea when the half year results are out early 2025.
HCL Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
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