CEO and Board must go

HIL has slashed (read decimated) full year NPAT to $11-$14mio, from previous guidance of $18.5-$19.5mio.

Given they booked an underlying NPAT for the 1st half of $9.5mio it means they expect to make next to nothing in second half.

This is an absolutely shocker of a result and the CEO and Board must be held accountable.

With a revised forecast 2014/2015 eps of about $0.05c it will not be surprising to see the sp in the low-mid 40's today