IQE 0.00% 3.0¢ intueri education group limited

Cardinal sin of missing prospectus numbers. Forecast for CY15...

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  1. 2,087 Posts.
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    Cardinal sin of missing prospectus numbers. Forecast for CY15 not even that inspiring as they don't seem to have mentioned whether the $30-33m EBITA range is before or after non-controlling interest. The prospectus forecast $30.1m EBITA and $28.8m after non-controlling interests.
    If it's $30-33m before non-controlling interests they have in my view downgraded CY15 given they should have received a boost from the acquisition. It's after non-non controlling interests and they do in fact meet those numbers the stock price quite nicely.
    Think I'll wait for the interim now they've shown forecasts can't be met
 
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