It is not a disaster - sure for those that got in on the float they are down their money but what mugs buy floats in this market. Those buying in now may do very well in 6 months.
They have not even downgraded their forecast just used words like difficult and challenging, the xmas period is so important for stock like this that they could still come out with a reasonable result - a reasonable result would be flat earnings and once they announce dividends the stock will get rerated.
The markets run on sentiment but you can't trade like that, cool heads required.
It is not a disaster - sure for those that got in on the float...
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