Here is the rub......
No one knows how the company is doing. Are they doing better than last year: looks like it but they seem to have factored more deals than you would think given the cash balance (an attempt to support the SP I think). Are they doing worse: no idea as we have the benefit of the accounting change in the figures.
I am a trained accountant, MBA from a leading european business school, finance director of UK, USA and German companies, Director of a fastest 100 growing company etc etc. And I HAVENT GOT A BLOODY CLUE!!!!!!
So, there is no way the serious private punter will touch this other than an instinct. The SP will not move above this range 'till we have clarity on this (bar a mega RNS).
The board of CYH should be ashamed that they are guilty of obfiscation to such a large degree.
I remain a large holder on faith rather than fact!
Merry Christmas to all.
S