Actually have you looked at the fact that because of the...

Actually have you looked at the fact that because of the accounting treatment the accounting profits vary wildly each year as it is determined by a mark to market of hedge and actual contracts.

So if its such a buy how come we have what is a substantial profit downgrade.

So the market is wrong - they just decided it was worth around 24% less at the AGM.

The IPO price if I recall was $1.65 in 2010.

Sorry but last week seemed to indicate that earnings are not going to hold to 2015 now that the range is $80m to $94m. with such a range even putting it in middle doesnt do anything but lower 2016 from 2015.

Of course Commsec's numbers are what they are it appears 2015 is high water mark