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27/11/15
20:20
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Originally posted by Mightyatom
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Yes it is optimistic and will not happen IF we don't meet guidance and there is not a clear runway that investors can understand and believe will deliver growth - in other words as it was back in April.
My point is it is I believe it is wrong to say it can't get to that price simply because it is $0.70 today .
If pushed, I don't think it will reach that price in a year (now) not because it is $0.70 but because we are likely to miss guidance by a small figure and - because what has gone on this year - an attempt to deliver a convincing strategy and outlook will be discounted.
Whereas, before we would have been supported by a share price reflecting assumptions, now the share price will trail performance - show me the money and then we will buy the share price.
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Agree with what you've said here. However the proposed UK changes are likely to have a severe and material impact on stock valuation, based on the quotes of the MD provided above.