Yet another disappointing result, shouldn't surpise though given the track record of this new mgmt team.
Is it just me or has Aristocrat been "just 1 year into it's 3-5 year 'turnaround' program for the last couple of years?...
What is amazing is this statement for the Aust business "Revisions made to the games pipeline for the second half were insufficient to fully capitalize on market demand, which moved more quickly than anticipated towards widescreen and shifted to mid-denomination products - segments in which Aristocrat did not historically have sufficient products." They are the market dominating player but are not seeing the customer trends! Too much time in Macau enjoying the winelists perhaps?
good luck to holders.
Ann: Trading Update , page-2
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