It is a profit warning, and therefore dividends payment warning, in theory, but no profits were predicted. It is a suggestion of retrenchment of capital investment, when that has already occurred. It s also a suggestion of cash flow problems, which should not be an issue with £1.5 million cash in hand as at April 1.
This is clearly a mandatory profit warning but perhaps we should not speculate on the cause in a public setting as this, besides what was clearly stated in the release - that there will be a profit short fall, in part, because there won't be a 'fire-sale' to pump up revenue at the last minute.
(And we don't know their present current cash in hand, not knowing when payments on their loans are due.)
The PLC will report their financial condition at the appropriate time.
We do normally see a half-yearly interim summary (for books closed on the half on September 30) sometime in November. The 'statutorily required' disclosures will happen at that time. I anticipate that we will also hear some indication of the new CEO's plan on how to return this company to profitability at that time.