You may not understand what SHV announced correctly.
SHV did not "forecast eps for 2011 of 30c" as you said. What SHV said was that it "anticipates underlying net profit after tax will be between 15 and 20 percent lower than FY10". Based on what SHV earned last year and the present total number of issued shares, one should be able to work out easily the expected e/s to be around 25c/s, not 30c/s as you said.
You may also misunderstand what I said.
I didn't said SHV earned "0c" at present as you alleged. Instead, what I said was that it earned 15c/s in 1HY and is earning 7c/s (underling) in the 2HY. But that 7c looks like all from the managed orchards, not from its own orchards or food division, due to the imbalanced impact of currency revaluation.
SHV Price at posting:
$2.17 Sentiment: None Disclosure: Not Held
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