Yowie had a crappy first quarter of 4.58 million US in sales. With their bottom of the range 50% revenue growth which equals 30 mill US forecasted, that would mean they need 25.42 million in sales over the next 3 quarter or 8.47 million per quarter.
I’m sorry but I see no way they have gone above this enough to justify a trading halt for an upgrade. My take is that this quarter has probably gone badly again as has the last 6 quarters with 5.5-6 million in sales. That would total 10-10.5 million for the half year and needing another 19.5-20 million in the second half which is hard to see happening.
If it is a downgrade they are starting the 2018 in the worst possible way and deserve to lose their jobs.
Ann: Trading Halt, page-21
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