Agree the earnings call explanations made some sense (from memory):
- burn cases were down for January (they don't know why)
- Feb & March the data provider had a security breach so no data. Hence the surprise. Will only recover that data in ~Sept.
-VAC approvals taking much longer than expected so revised guidance down.
- April looking better.
- expecting GO Approval May 30th and expecting quick uptake.
So complete incompetence by management is off the table, therefore I feel the share price has been overly punished.
Sitting at long term support with likely month end good news, so I just topped up holding by 50% at 265c.
Agree the earnings call explanations made some sense (from...
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$2.42 |
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Mkt cap ! $160.4M | |||
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