re: Ann: TSE Appendix 4D and Half-Year Report...
The sell-off on Friday anticipated today's result. I expected revenue to be higher. Their rev in Oz actually fell! Interim div of 4.75c is reasonableish (equates to annual return of 5.2% assuming same div is paid in August). Worrying is the very cautious outlook contained in their statement. How mkt will react to this result is anybody's guess but other service companies offer far better returns and more +ve outlook.
TSE Price at posting:
$1.79 Sentiment: None Disclosure: Not Held
