Can appreciate the negativity here. I've actually bought in after analysing the recent profit downgrades which were very deliberately "obliquetly worded" to say the least. How does one easily digest these two sentences in the one announcement: The reported net profit after tax (NPAT) is expected to be slightly above the FY2015 result & the Operating EBIT before non-operating income (deferred consideration write backs)and expenses(acquisition and non-recurring costs) could be up to 20% below FY2015.
I'm thinking the Fy16 operating NPAT is around $2.41m or 3.6cps and I'm estimating FY17 operating NPAT at 6cps.
As to the motives of shareholder O'Connor (Leanne) and director O'Connor (Cass) I can only assume this is a clear divergence of opinion and hence a shareholder (who probably made her money when selling her business into this company) wants out come hell or high water.
Very surprised PSZ hasn't been issued with a please explain by ASX and further, why the directors haven't defended the matter voluntarily.
hello LM O'Connor, page-10
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