This space is reserved for shanklin100 to introduce himself.
Hi Paul Thank you for your informative reply. I guess extrapolating a profits warning in the FY results, from one poor month's numbers, could have been viewed as being rash to the downside. ATB, Martin
Paul So do you believe the SAL management were incompetent, dishonest and/or unfortunate in terms of the content of the outlook statement in the FY results issued on 24-Mar-14? Between then and the trading statement on 17-Apr-14, there's certainly been a massive change in their stance on likely profitability in the current FY and until I understood how they came to (IMHO) so misleadingly update…
Edward, Further to the Edison report, IMHO SAL management is either incompetent or untrustworthy. Whichever it is, SAL seems uninvestable to me. All IMHO DYOR.
Being devils advocate re SAL... ...would you lend a significant (or any) amount of money to somebody you viewed as completely untrustworthy? If no, which would almost certainly be the response of most people, then surely it is prudent for holders of SAL shares to exit their positions with all due haste?
Paul Wrt ESS and their loan notes, their RNS yesterday, entitled "Loan Note Conversion" is highly relevant.. Regards, Martin