Thanks for the information. I think this thread has been...

Thanks for the information.
I think this thread has been helpful. I have owned this stock in the past.

My view is the stock's earnings are very uncertain and that is why the price drop.

Full year guidance is between 23 - 24 mil profit for the full year. But they have already reported a NPAT of 16mil for the 1st half. So only 7 - 8mil for the 2nd half.

Last year they made a full year net profit of 35mil 18mil first half/ 17 mil second half.

Thus 2016's last half is going to be down about $10 mil in profit on the 2015's last half's profit.

Revenue is down 10% but this obviously is effecting the bottom line exponentially. I agree some of the Revenue fall is seasonal but some is also structural. It will be interesting to see the board's vision and action plan during the next announcement.

I would like to see this company reduce it's dividend and reduce it's debt. I think this would actually help's the companies share price.