Ann: COVID 19 Trading Update, page-10

Well - market may have over-reacted or not, they are mentioning savage impacts, greater than I would have expected, at a very vulnerable time. Would have been far better if FNP was better established before suffering this stress. Instead of having a proper ramp up, we have redundancies taking place.

Opening up has provides a stockmarket tailwind recently, but that seems to assume that opening up goes to plan. Hopefully they will see the sales improvements they expect, but redundancies do not tally with much of an improvement, and I suspect highlights the perceived outlook of management.

I really admire what the founders and management are trying to do, like and buy some of their products, I'll be tempted to long next week if the analysts drop their targets and the SP takes a bit more of a hit, and moves a bit closer to NTA of $1.80 ps or BV of 2.44. After all the business has taken off into a flock of Grey Geese. Previous projections are ancient history. I just don't think the market val stacks up. They still might be lucky to have eps of 10c in FY 2022, and the odds of individual product/project fails seems far higher now. AUD isn't providing much help either.