ANN 0.27% $33.16 ansell limited

Err, the company can't be held completely responsible for how...

  1. 3,141 Posts.
    lightbulb Created with Sketch. 166
    Err, the company can't be held completely responsible for how the market choose to react to results when the results are actually within guidance previously provided.

    "We delivered results in line with guidance and the Company maintains a strong balance sheet with good liquidity."

    “While overall our F’16 results were at the low end of our original guidance..."

    The company previously provided guidance, the market it appears, for some reason didn't expect them to meet it. Company meets it's guidance, the market re-rates the stock.

    Can't see how you could fault management. They can't waste their time repeatedly re-stating guidance just because a couple of analysts see a glass half full.
 
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