Gentrack’s stumble should be a one-off
ANALYSIS: The software company has dented investor confidence with a profit warning and poor communication, but it has the chops to recover.
Gentrack chief executive Gary Miles: ‘We surely don’t foresee missing our numbers again’.
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Observed from a safe distance, the spectacle at Gentrack this week had all the dignity of a doorman trampled in a stampede for the exits after someone shouts ‘Fire!’.
If the company thought announcing a share buyback would soften the blow of a profit warning (and who knows what on earth it was
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