Upcoming financials, page-8

dont new ceo's often like to come in and start by saying how bad things have become and airing all dirty laundry to absolve themself from future blame and drop the outlook so that they can later be given credit for the turnaround.

they arent deliberately trashing the company but its an opportunity to air all problems and start fresh if you are a new ceo.

it also takes a year or so to get your head around a complex global operation like bkl.

so i wouldnt hold my breath for an upside surprise just yet, despute the progress competitors have made.

i think fy 2018 will be a much better year but guidance will be cautious and progress entering iran, indonesia etc is crucial.