Overall, the briefing gave out less information than the ideal.
For instance, RWC's CEO did not specify the number of redundancies by country.
One explanation may be that the company operates in the USA and Mr Sharp (CEO) was there, and maybe n oral briefings, the USA doesn't have the tradition of greater openness that seems to often be the case with Oz-domiciled listed companies.
Retrenching staff is a sensitive matter as lives including families are adversely affected but was this 40 employees in total, or 100? Unclear, given it was not identical for each region. RWC had about 2200 employees in 2020.
There was also a fair bit of jargon. Perhaps inevitable, but even some analysts may have struggled at times to understand.
RWC Price at posting:
$3.50 Sentiment: Hold Disclosure: Held
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