I think this is one of the critical parts "The decline in the adjusted EBITDA margin is a factor of the additional headcount bought into the business following the recent series of acquisitions. The addition of these costs was a significant factor in the earlier downgrade to FY19 EBITDA guidance. Some of these costs may have gone with the businesses that were disposed, but the situation is far from clear, hence the market is likely to wait for a clean result before re-rating this stock."
They need to start getting rid of people... this has been an ongoing issue. The fact that this has gone on for so long implies management are incompetent. I'm inclined to sell - to me it seems they've got alot of extra dead weight, on high salaries who are hanging on and no one is doing anything about it. Its been going on for too long,
PGC Price at posting:
37.5¢ Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)