re: Ann: Trading Update and Revised Earnings ... sneaky little after market downgrade the week before xmas!!
Operating NPAT growth guidance from +12-15% to 0% growth.
Sustainability growth was 40% but below budgeted expectations = guidance assumptions were super bullish
Stock is on >20x FY14 operating EPS with no earnings growth this year.
Ann: Trading Update and Revised Earnings Guidance, page-2
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