I thought at the last update on the 5 Nov it registered decreased of 1.2% not an increase of 2% Even with the 1.2% reduction, bottom line impact will be 8$ For FY, however restructuring savings is $30m. So at most it will have small gain of at least $20 m after tax for the FY. With lady year’s adjusted eps of $1.33, we are looking around $1.45 EPS. Of course valuation will be next few years earnings trend not just one year.
The other point I think will be interesting is whether any new strategy and restructuring cost will be announced over next 2 weeks by new CEO, as they like to get it out of the way before half year results are released.
DMP Price at posting:
$29.18 Sentiment: Hold Disclosure: Not Held
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