Disappointing but hardly unexpected.
If only the sp had gained some strength and made this a 100M mkt cap, then i could have taken out a decent short and made a killing.
My mid dec targets were
- sub 5m npat before abnormals | 3M npat released!
- 25 - 27c sp target. | We hit 28c today.
The board have probably placed the CEO on a multi year contract and have hired the wrong people, with little to no experience in construction. Will be interesting to see how each of the divisions are running and if heads roll, or key players walk.
Snr mgt and the board need to work out which way is up right now and have their hands full to get this back on track.
Mav
Disappointing but hardly unexpected. If only the sp had gained...
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