BLV 0.00% 1.6¢ blossomvale holdings ltd

Ann: AGM CEO's and Chairman's Presentatio, page-13

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,628 Posts.
    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.
 
watchlist Created with Sketch. Add BLV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.