Oh by the way einstein, I suggest you read page 1 of the latest announcement and compare it with the slightly downgraded NPAT estimate on page two.
I do believe that was dated 11th February 2009, not "November last year".
"Emeco believes downside risks to the previous FY2009 earnings guidance have now emerged and the Company now anticipates net profit after tax for the full year to be in the range of $65 - $72 million, broadly in line with average consensus estimates of approximately $70 million and FY2008 earnings of $67.5 million."
In November they indicated:
"At the Company’s Annual General Meeting in mid November 2008, FY2009 earnings guidance was reaffirmed at $75 - $81 million, however it was noted that Emeco was not immune from the external global influences emerging at that time."
Though I believe "Everybody" probably "already knows" this.
Have a great day tomorrow ;)
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