I agree with your sentiments Dianna. It is probably unreasonable to expect full details of day to day developments. That said the change in financial year surely should have been accompanied by an updated forecast on sales. Are we to assume expected sales for the June to June period is still $27m to $30m? Again nothing on forecasts in the quarterly. Whilst I am loath to criticise management given the enormous success over the last couple of years, one of my concerns over the years has been that announcements are made but often not followed through in subsequent announcements leaving us guessing as to what has happened. One such example is the forecast sales but there are many other examples. At the least when sales guidelines are given is it not reasonable for regular, say quarterly, updates on those forecasts be given by the company. That would perhaps remove the need for a lot of the guess work required when announcements are made in order to determine how things are going. On another front for those interested Graeme Newing is proposing to release an updated report hopefully tomorrow which should be interesting.
PET Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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