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Ann: Leigh Mackender appointed Managing Director , page-3

  1. GPASAS
    789 Posts.
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    03/06/14
    12:43
    Post #: 13453187
    re: Ann: Leigh Mackender appointed Managing D... Valinvestor,

    The downgrade was announced in that article that was released by the company a week ago. Here it is and the downgrade is at the bottom of the article:

    Change of Managing Director and Downgrade

    They are now forecasting a FY14 EBITDA of $17m which is a 15% decrease on the previous forecast so your thoughts have proved to be correct. I assume that this is the reason for the recent fall in the share price.

    If anyone knows what the disagreement was between the outgoing MD and the Board I would love to hear about it. I am wondering if it was about the new NBN contract.

    GPASAS
    SSM Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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