I agree. I'm now in two minds whether to top up my relatively...

I agree. I'm now in two minds whether to top up my relatively small holding in this company. Dipped my toes in at $1.75 (a significant discount to the IPO price of $2.30) based on what would obviously be a bumper Xmas trading period. Very disappointed with management. Plenty of other companies have successfully navigated the challenges of COVID without effectively halving their EBITDA.
"... with the Group currently expecting to achieve EBITDA in the first half of between $4.0 million and $4.5 million, compared to $8.0 million in the prior year."
These guys need to get a much better handle on their operating costs, including perhaps their own remuneration. Top level executive pay should translate to top level company results. I wouldn't be surprised if the SP continues to drop based on this announcement. We could be looking at a 50% discount to IPO.