Ann: Corporate and Business Update, page-24

I wouldn't think too many downgrades would come off the back of this update, broker estimates were maintained or slightly decreased at the last update which included the cost reduction program so I don't see how this guidance would warrant any sort of major downgrade considering the consensus was still in the 50-80 cents range. Crazy to see the SP plunge. At least David Keane will be feeling the pain. Would be interesting to know why the 80c deals got knocked back, maybe it never went to vote because Regal would have never taken it but again they are far worse off now too.