All of the bad news is not out yet.
Media reporting consumers closing their wallets and stopping discretionary spending.
Vet revenue and client visits reflects this.
The drop in real estate prices in Sydney in particular flows through the ‘wealth effect’.
I suspect we will have another market guidance downgrade this calendar year.
At least this CEO understands s3.1 of the listing rules.
News: GXL Greencross Sees FY2018 Underlying EBITDA Between $97 Mln And $100 Mln, page-78
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