I shorted it on this rally - gulp. My guess is for a FY of about 31 cps or so underlying NPAT. About bang on with consensus from Fnarena.
It definitely was good news that they beat their guidance by 6%. However cashflow and the balance sheet (esp net debt) haven't really done anything good to my mind.
Quiet season may be quieter than usual in the US, with low oil price suggesting opportunities for a longer work break. Today was an exciting day with rate cuts and hints of QE EZ, and I suspect that helped the SP go up.
Good luck anyway to the long suffering - I might be off my rocker.
Ann: Updated Profit Guidance, page-37
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$15.95 |
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