Company director Craig Farrow's week couldn't get worse, surely? Oh yes it could!

Remember that last week on Tuesday, Vocus (the enterprise telco of which Farrow is deputy chairman) announced a shock profit downgrade – its second of FY17 – and subsequently saw $600 million wiped off its market cap. Then on Friday, boutique fruiterer Murray River Organics (which Farrow chairs) announced a profit downgrade less than 10 weeks since the company last re-affirmed guidance. And it's only been listed since Christmas! Shares were pummelled, down 43.2 per cent. Morgans – which helped float the thing in December – issued research on Monday morning fearing that "gearing is now at uncomfortable levels for a highly cyclical business". Institutions (Ellerston Capital is the largest, followed by Acorn Capital, a fund with no interest in sprouting) who bought into this IPO won't need their dried apricots to give them the shits!