On 17 December 2015, the Company also announced its intention to review its approach to financial forecasting to be led by new Group CFO Bryce Houghton and supported by advisors appointed by the Board. The Company advises that this process is proceeding as planned. In the course of this process the Company is considering its expectations for operating performance and cashflows for the balance of this financial year.
The Company intends to report its audited first half financial results on 29 February 2016.
It appears by saying " is considering its expectations ...........for the balance of the financial year" that they may even change their profit guidance for the 2nd half.....looks like this is looking very bad for the rest of this FY15/16....this is very disappointing news.....I'm now changing my sentiment to sell as I will be selling today the parcel I bought at 0.55...
On 17 December 2015, the Company also announced its intention to...
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