Ann: Trading Update for FY2016-NTC.AX, page-12

Sometimes it pays to look forward more than 3 months to determine value.

If you look at broker shares today all the buying was insto all the selling was retail. Who is going to have a better idea of the outlook professionals or hotcopper day traders who bought purely because the share price was rising.

If you are buying this stock for fy16 earnings you have bought for the wrong reasons it's about the fy17 and 18 when the U.S. Telco ramps up and some of these other contracts kick in

blue ocean published a note said the miss was merely because one contract was pushed into the next financial year. No loss of revenues