Well you were way off on your revenue figures here. Ends up being an 8% rise rather than the predicted 7%. Think you clearly need to head back to the drawing board...
Actually, revenue looks like coming in at 6% higher, compared to my 7% guesstimate.
So I might have to cop some accusations of culpability as a blinkered SDI cheerleader.
However, I like to think that my reputational bacon might - by sheer luck - be saved in that, while I was overly optimistic on the Revenue growth expectation, I was way too namby-pamby on the bottom line expectation, with my first-half NPAT expectation being some $1.45m, reflecting "only" 25% increase on DH2017.
As it happens, they indicate a first-half NPAT of around $2.1m, which is a country mile off my so-called "forecast".
Shows how little I know about the making a highly specific forecasts of how financial performance over a very short (and somewhat arbitrary) period of time will be reported by any given company.
Of course, my ready excuse for being such a lousy forecaster is that there are a myriad of indeterminate variables and assumptions contained in a quoted accounting construct such as that thing called "Net Profit After Tax".
Which is why I don't get too excited either way when such a single NPAT number is quoted in isolation, without having access to the full set of backing financial statements in order to assist me in discerning what is behind that single number.
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Well you were way off on your revenue figures here. Ends up...
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