@Parko5 consensus is for FY revenue growth to fall to 28% for the FY, but it fell to 23% for the HY, so it is perhaps not an unreasonable short thesis to believe that the consensus for the next 3 years of 28%, 25% and 23% is going to be undershot.

I'm not sure BARDA timing is a factor. They've never been clearabout milestone dates, but maybe some who don't understand the process were more optimistic.

So far, none of the covering analysts have adjusted their recommendations or PTs so far as I can see, including those up at the more spicey $3.00 end - which now looks hard to justify. This is probably because they are holding off until seeing the full HY report.

So maybe the shorts are positioning for the downgrades to come, which is essentially what my analysis of a couple of weeks ago was about.

But I also agree with @Scoonie - DW has been caught out playing "smoke and mirrors" with his repeated statements of "the Board is considering stopping record month reporting". The music in the Big Top has stopped!

It's going to be fascinating seeing the full results and attending the presentation in a couple of weeks.

Disc: Not held

You are going to attend in person?

@Parko5 no - we don't have that option. I meant listen to the Investor/Analyst 1H Results call. (Sorry to be unclear!)