I am really at a loss to understand why this announcement was released at all.
The revenue was as detailed in update on 15th May , just above upper guidance by $2M.
Marketing costs higher...big deal ..that is obviously necessary to grow new markets
Overhead costs higher ..again big deal ..that is also obviously necessary to increase staff numbers.
New CEO one off cost ..wow everyone new that was coming.
And after all these extra costs the EBITDA to sales ratio to stay roughly the same ..ie 30%
All this and only 6 weeks from EOFY results.
Sometimes it is better to say nothing..having said that total over-reaction in sell off.
All imo.
Ann: FY2018 Trading Update and FY2019 Outlook, page-69
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Last
$7.02 |
Change
0.170(2.48%) |
Mkt cap ! $5.075B | |||
| Open | High | Low | Value | Volume |
| $6.86 | $7.03 | $6.81 | $16.52M | 2.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10280 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 17972 | 4 |
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