“While the first half as a whole has been difficult, the performance of the UK business has been improving during the course of the last few months and is expected to contribute positively to cash flow in December and during the remainder of the financial year. The trajectory of the UK business provides confidence that we will trade through this period to be in a stronger position by the end of this financial year.”
What I understand;
a) the fact he say "improving" means this 6 months was
10-11-12-16-18-21 (growing the income)... But if the expense was
20-20-20-20-20-20
Than he can use that scenario and say what he said.. "IN DECEMBER WILL BE A POSITIVE CONTRIBUTION"... I take from that that the previous months were not.
b) I dislike deeply when somebody just is caught in such monstrous misleading info and he insist now in provide guidance saying..
The trajectory of the Uk .... stronger ...
He proved he has no clue about the trajectory and the EFFECT of such trajectory in the real income and cash flow..
I'm highly negative with my views and I believe strongly this advise today came as a BE REPARED for Jan/2016... a bomb is coming..
Doing that way they can say.. "we told we miss the guidance"..
I feel really the actions were conscient to postpone sensitive info to advantages of the board..
cato
SGH Price at posting:
89.0¢ Sentiment: Sell Disclosure: Not Held
