ISU 5.08% 31.0¢ iselect limited.

iSelect not to buy this dog of a stock, page-8

  1. 15,402 Posts.
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    Late Feb the resigning Mr Wilson said...

    Commenting on the outlook for H2 FY18

    Successful delivery of iSelect’s key initiatives over the second-half and market growth underpin continued guidance in the previously advised range of $26 million to $29 million in FY18 underlying EBIT.

    (8 weeks later) ...

    With June historically accounting for the bulk of second half earnings and assuming a similar trajectory as that experienced over the last five weeks, the Company has updated its guidance for FY18 underlying EBIT to be in the range between $8 million to $12 million.

    So a circa 70% drop in EBIT ?

    Wow. No wonder he resigned.
    Sounds like some loose figures being told IMO.
 
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