Ann: CEO's AGM Presentation , page-13

It's disturbing they don't propose to reset guidance for 2012. I would have thought this would be easy to do, basically add on the 50% for CIA and bingo there you go. Perhaps they stuffed up the 2012 guidance in the first place.

Trying to think how it could be wrong, perhaps they included 100% of CIA in the profit guidance, so with the other 50% on board they will still achieve the same result? By saying "The Group reaffirms its guidance for FY2012." they are pretty much admitting they will only achieve what they initally forecast, even thought they now own 100% of CIA!?

Their auditor isn't one of the big four, or even a second tier, which is of concern. Is this the website of a firm we're meant to trust??

http://www.ksblack.com.au/

Also, what's with the release of the Chairman's AGM speech, its like year 10 palm cards being released to market?? That might be a tad harsh, but it would be nice if it were a tad more professional.