Gee, RCOP NPAT coming in at $540m, compared to market expectation of $552m didn't seem to justify a 7% fall in the share price, especially when the source of the ....uh... "miss" was entirely due to the refining business.
Which should have been already implied in consensus forecasts, given achieved refiner margins are quoted by the company on a monthly basis.
With the stock priced on 12x P/E, I have been duly adding to my holdings this morning.
Gee, RCOP NPAT coming in at $540m, compared to market...
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