I didn’t see that quoted in the recent NBR article.
I did see Fletcher concede they had slipped a little on the projection for the current FY from what was anticipated in the recent CR material. I see that as honesty, not porky telling?
Nzcib,
Glass half full, glass half empty. We see it differently.
You focuss on projections made nearly two years ago. You focuss on whether it takes two years or three years to grow revenue 60 fold. I focus on the fact that it will actually have grown something close to 20 fold in two years. I focus on actual runs on the board and on current projections.
I can’t see how anyone could have taken early 2016 projections as much more than an optimistic guess, and presumably heavily influenced by PVL.
Recent projections are a different story. They now have actual experience in their main market Europe, and they will have buy in, if not ownership, by a commercially experienced CEO (rather than the salesmen at PVL).
Do any high growth start up companies ever meet these type of projections? How many ever grow even 20 fold? Do you really think anyone that invested then is naive enough to be dissapointed That growth might take a year longer than envisaged?
Please, please direct me to where I can find start ups that meet their projections and quadruple revenue several years in a row.
EL
PVL Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
