They have been stating revenue for FY19 in the range of low to mid $120m and they confirmed this. It is obvious that there is reduction in revenue generate from ANZ business. people bought into the company based on this figure so why selling now when they confirmed guidance? What is important to me is to maintain this in the second half and improve the business model moving forward. Lesson learned for me is that people would sell when they see negative number. They are comparing H1-19 vs H1-18 so of course there is a decline however if you look overall FY19 vs FY18 vs FY17, we would see big improvement.
ISD Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
