Poor form, AGM presentation less than a month ago reiterating FY20 $50-70M sales forecast, now 16 trading days later a forecast reduction of a HUGE 40% reduction in expected sales ($30-40M sales).... The market will not like this at all... siting concerns of a second outbreak, IMO poor form with late announcement, clearly blue sky pipeline works have been used in the FY20 sales forecast, especially as they say no projects have been cancelled...
Doesn't change fundamentals too much, but I would think a bit of distrust will cause a significant fall today and in the weeks to come... Could see a sub $150M MC in my opinion...
Time will tell...
Poor form, AGM presentation less than a month ago reiterating...
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