Not uncommon with companies and other areas like politics. Paint the worst case scenario, then look good when you deliver a better than forecast result.
Flooded till Feb?
Bahh. Bring on that hot Australian sun to sort things out!
Was also reading in the Fin yesteday about takeovers in the oil and gas sector. They were saying that the most targeted companies are ones with proven reserves but yet to pull them out of the ground.
Sir Eddie Energy fits that description beautifully imo, and we may still get the heady scenario of not one, but several big oilers laying an offer on our humble table.
Sell side, Gottabitthinner...
ITC Price at posting:
6.3¢ Sentiment: LT Buy Disclosure: Held
