re: Ann: TRADING UPDATE AND EARNINGS GUIDANCE...
Yea well I guess it wasn't going to go down very well, but poor performance in the US was flagged at the AGM, so not completely new.
Dipped about 25% on open in NZ, which was a bit excessive imho. Perhaps it was the talk of talking to the banks as much as the direct profit aspect.
Trouble with a factory in the US, with the factory in Mexico, with the US market. Everywhere else important apart from Nth A appears to be going as well as could be expected on balance.
EL
FPA Price at posting:
61.5¢ Sentiment: LT Buy Disclosure: Held
