Unfortunate timing re reporting - hardly any revenue but costs are included, FX impact. Too messy to gauge progress imo. The actual business is so much different now from what was reported.
End result is not so good in short term as there was no info to appease a jittery market. This explains market response.
Investment thesis still holds medium term imo - nothing has changed.
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Unfortunate timing re reporting - hardly any revenue but costs...
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