Business
Is the Bravura Solutions (ASX:BVS) share price a buy?
The Bravura Solutions Ltd (ASX: BVS) share price was out of form on Wednesday and dropped lower.
The financial technology company’s shares fell 2.5% to $3.35.
Why did the Bravura share price drop lower?
Today’s decline appears to have been driven by concerns over the company’s ability to deliver on its guidance for FY 2021.
Yesterday at its annual general meeting, management revealed that it was facing sizeable headwinds due to the COVID-19 pandemic and Brexit and thus was forecasting a flat full year profit.
However, it was the significant weighting to the second half which is likely to have spooked investors.
Bravura’s chief executive officer, Tony Klim, explained: “In October 2020, we also flagged that the second wave…
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