Well. there it is in black and white. I warned the risk they were struggling and an EBITDA loss hidden by the H2 weighting previously announced.
Clearly and worryingly the Telsta announcement was an attempt to ramp the share price pre the disappointing news.
It's a guarantee in my opinion that H2 revs will come in at the bottom half of expectations, if we are lucky.
No wonder the shares were suspended, how is this CEO keeping his position?
The 3 year BS plan is now a 4 year BS plan, he has increased costs significantly whilst putting back revenue forecasts, surely increasing a sales force increases the Revenue forecasts?
I have no confidence in him whatsoever.
Ann: H1 FY2024 Results Announcement, page-9
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