Half year and full year guidance looks solid to me if not spectacular...The most important thing is the market is impressed with the price up on a bad day across the board...
NB: for sskim, we had a discussion on the exchange rate influence on profit some time ago...It seems from their comment on the impact of exchange rate at the time of delivery that they have no hedging in place. i/s the profit they make will change with movements in the Australian dollar. So, if we see the AUD come off this year we can expect an increase in profits accordingly (and the reverse if the AUD goes up to parity and beyond)....
All in all, im pretty happy with where we are at....
Jason
IDL Price at posting:
43.0¢ Sentiment: LT Buy Disclosure: Held
