confused, page-3

gg you need to focus on EPS and not totals. During FY13 TTN issued more shares so earnings are spread across more thinly. Clearly Mr Mkt expects a leanish 1HFY14 from TTN and i concur. A month ago management expect 2H to be much bigger/better than 1H. But until those contracts are signed it's not in the bag. All eyes will be on outlook statement in the interim unless a major ann precedes it. Forget about brokers/funds eg. Pie making forecasts for earnings 3 yrs hence. Impossible to know what will happen in a sector where contracts are vital, margins reduced and things can turn on a tickey. FGE is an extreme example but plenty others have halved in price as 'pipeline' became a pipedream.