Ann: Market update, page-13

I gather brokers such as Deutsche and Morgans who cover the stock will adjust their numbers so we will either see more selling tomorrow or a rebound. Both Deutsche and Morgans had $5.80 and $6.10 as price targets respectively with consensus EPS of 27c which surely will be slashed as appears there will be 0 growth in FY16. Even if EPS stays constant at 23c in FY16, GBT is trading on 17x earnings which is not cheap. If you dismiss FY16 altogether and focus on FY17 then it looks attractive but the problem now is credibility from management.