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
IQE Price at posting:
$2.40 Sentiment: None Disclosure: Not Held