SOM 0.00% 29.0¢ somnomed limited

I really think they are pushing out the RSS centres too quickly....

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  1. MJS
    2,120 Posts.
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    I really think they are pushing out the RSS centres too quickly.

    Not saying it won't be successful, however they've already materially pulled back their expectations for both revenue and earnings per store, and I'd suggest still risk in these numbers. IMO a 6 to 12 month slow down was warranted.

    What the "pushing through" strategy does suggest to me, rightly or wrongly, is that the non-RSS sales in the US aren't stabilising or improving as much as they are wanting so this is needed to counteract.

    The share price when trade re-commences will be interesting.
 
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