"Ted Pretty: The highlight of the period was the underlying net...

"Ted Pretty: The highlight of the period was the underlying net profit after tax for the half which was $9.5 million. And the fully franked dividend we’ve declared at 2.1 cents a share. The lowlights, I think, were the comparison that some people made between this first half result in FY15 and the one we achieved in FY14 which included steel assets which we owned at the time. Now, if you net those out we’ve actually had a very solid performance and we sold those steel assets for $80 million to pay down our debt. So it’s a bit disappointing that the market didn’t understand the difference between the two halves."

Ted says, 'the market didnt understand lol

How about, Ted doesnt understand that when revenues/profits are down and dividends are down your share price is going to get punished!!!

Forecasting that its competitive and margins are getting squeezed, surely you would have a strategy to combat that rather than just increasing prices?

Ted also blamed the $AUD for a demise in profit, (more spin) you have to go back to may 2013 where the $ was above parity.

Through most of the 2013 2nd half v the 2014 2nd half the $AUD was pretty much on a par except for the drop in December of '14, so to use the $A as an excuse is absolute nonsense.

There is one thing i have learnt from the market over many many years (and Ted should take note) and that is "The Market is ALWAYS Right"


TTGT (Time To Go Ted)


Cheers