Ann: Half Year Accounts Appendix 4D , page-3

operationally they did very well, sales were way up etc, but they incurred all those losses from their hedge book due to all the bad hedging from the past, plus tax was higher

they came with 12cps EPS and said that theyll do similar as this in the second half

thats circa 25cps EPS

Good n bad: operationally the mines are doing well, sales were good etc, but the HEDGING that theyre progressively expensing has shot them in the foot

I dont know how the analysts come up with their EPS forecasts, it might be done in such a way that doesnt include the bad hedging, and sees what CEY would actually make EPS wise without the hedge losses.