What do you mean "missed expectation by 3%"?
I presume the reason why people were paying 25x earnings for IRI until yesterday was because the expectation was for the company to continue to grow earnings at a rapid clip.
Last year, NPAT for the half year to 31st Dec 2011 was $3.5M, up 50%.
Now, for the half year to 31st Dec 2012, we are getting a NPAT forecast of $2.5-2.9M.
That's missing expectations by quite a bit imo.
The share price is getting punished and deservedly so, as expectations were very high.
This remains a good long term story but there is no doubt people were getting ahead of themselves.
What do you mean "missed expectation by 3%"?I presume the reason...
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Last
53.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $104.7M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 53.5¢ | 52.5¢ | $23.30K | 44.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 41764 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 12014 | 4 |
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| Last trade - 14.26pm 03/12/2024 (20 minute delay) ? |
| IRI (ASX) Chart |
