not sure any new information today to justify 7% falls. media disclose it as its the final finding released today after a long investigation. The morgans initial analyst report said the fire started with a faulty phone charger. so i suppose the cause has already been found already by the company.the only real reason shares trading 40% lower are 2 ship mechanical faults so soon after listing. In addition company couldn't forecast the Shearer delivery properly. this has given it a 'punishment' discount, to be a lot lower than where it should be even after 1 of ships are fixed.
the ship fire already known at prospectus, and instos subscribed at 1.39.
not sure any new information today to justify 7% falls. media...
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