Didn't have time to read the report thoroughly today unfortunately - but the headlines looked fine to me.
I assumed the 50% profit downgrade was to statutory profit? Surely this has been factored into the SP drop from $5+ to where it is now, given it resulted from the one-offs??
Perhaps it is just that a lot of people had bought in at the high $3s and low $4s and were just looking to turn a quick profit with the release of the results.
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- Ann: FY18 Full Year Results - Investor Presentation
Ann: FY18 Full Year Results - Investor Presentation, page-25
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