The company hasnt actually given guidance for FY22. They gave a trading update yesterday for Q1 FY22. They have also explained proforma revenues for FY21 for existing and acquired businesses. So company cant downgrade non existent guidance. Morgans has simply walked back its revenue and EBITDA forecasts. Annualising the Q1 result looks like company is on track to meet or beat the F21 revenue forecast of Morgans of 61.6M. That said im not completely across any seasonality for the business and whether its wise, one way or the other, to simply annualise the recent quarter.
The company hasnt actually given guidance for FY22. They gave a...
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