What's sparked the sell off? SP is now at a point now, where it...

What's sparked the sell off?

SP is now at a point now, where it expects 2015 FY losses.

If Earnings meets 17.7m forecast, you would get get 7% earnings growth, 13% dividend, and you could reasonably speculate to get 30% PE growth, and that's being fair / conservative (7.5 to 10 PE).

So that's 50% SP upside.

Which means in theory the market is saying, you can have that 50% upside, because there's a downside with the news of slow Like-For-Like Sales and USD decline affecting earnings which could make up a 50% downside.

I don't think the AGM update will be positive, as it's only a month after today's announcements. Hopefully a match in Like-For-Likes is possible so far.