DCG 0.00% 29.8¢ decmil group limited

Ann: FY22 Guidance Update and Management Changes, page-48

  1. 142 Posts.
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    DCG appears to be on a path of self destruction, still losing money on contracts, they must have really lined the pockets from the good ol' Pluto days, or at least still have wet dreams about it.

    This was issued on the 24th February (see below), now at this point in time they had "banked" an EBITA of $1.5mil, fast forward only 43 calendar days, which represents only one months WIP review, and we are sacking the CEO and forecasting ($15mil) - ($10mil) EBITA. This actually represents a $11.5mil - $16.5mil change to EBITA.

    Astounding.. I feel the board need to reflect on their handling of this too...


    https://hotcopper.com.au/data/attachments/4267/4267337-6a6c353046911afc4995c51f93a322da.jpg
 
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