The results presentation from the 4th September quoted:
- Focus on Margin ahead of growth in Surveying business
- Stabilisation period
- Back office synergies from integration
- Cash conversion
- Achieve EBITDA margin between 15 % - 17% in the Professionaland Advisory and Surveying businesses
They now announce that have managed to achieve none of that, and in fact gone backwards from where they were,
Share price at the end of July was 25c, it's now half that.
Should be an interesting AGM in a few weeks time.
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