I think it is time the company rip the band aid off and just inform the market on what is actually going on..... all this conjecture is just dragging down the positive sentiment of the fantastic work they have done since wartsila....
I know management look at HC so, please take my advice and:
Provide an update and clearly state a best case and a worst case scenario/impact to the FY 2020 numbers (do this before the auditors make you do it).
If there is a court case involved to recover $85M it will take years so the auditors will probably force a provision to be taken up.
Bad news early, uncertainty has a much worse effect than bad news!!!!
OR if there is no impact, come out and state it!!!
it is in the past so who cares, cash is strong, facilities are strong, orderbook is strong. New buyers will come in on the strength of the future, not the past. The future is bright, so the stock is cheap!!!
PGX Price at posting:
23.0¢ Sentiment: Hold Disclosure: Not Held
