AVA 4.76% 10.0¢ ava risk group limited

Ann: Q1 FY2024 Trading Update, page-19

  1. 63 Posts.
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    This is taking way to long and I remain very disillusioned that Management have significantly increased costs and reduced growth forecasts, without being up-front with its own shareholders in my opinion. The increased costs have given little benefit to us yet, confirmed by the warning of 2nd half weighting. (i.e. a piss poor H1). I trust the CEO knows what he's doing but it is not looking rosy currently. It will soon be a year with nothing delivered on Aura IQ, surely we deserve a full update on what went wrong on that blue sky (broken) promise.

    They need to land something eye catching and profitable quickly to boost the share price to mitigate the probability of a profit warning for H2 if/when they fall short there.
 
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