I dont see it has an over reaction, its price target has also been dropped to 10p from 42p. Over the last year its share price has dropped from 205 down to just under 10p this morning, 95% in less than 12 months. So this morning share holders got this bad news, and thought sod it im going to cut my loss, or buy more and average down.
My concern is what is this doing for Consumer Confidence? The extra funding should of be sorted months ago. I can only guess from needing the extra funds that forward bookings are low.
Also was it wise to give such a good dividend, 10.75?
fr-