Ann: TPI 2014 Results Release, page-6

I have sold. Big earnings downgrades coming from analysts ... missed at EBITDA line by ~10% = ~20% EPS downgrades coming from brokers.

Slide 8 of preso shows they are short landfill in Sydney and Melbourne = more big dollars needing to be invested in landfill capacity.

CEO just said on conference call:
"unwilling to give targets as company's ability to execute has not been a high point".
"trading condition are not improving. Earnings performance likely to be flat."
CEO has just backed away from the extra $15m in cost saves scheduled to be achieved in FY15. Indicating that there are some saves in the pipeline, but highlighting that earnings will be flat is the starting point for FY15.