Ann: Earnings Guidance Update , page-10

First half: NPATA: $27.5m
< 2 month ago FY NPATA forecast: $55-60m NPATA

Today:
FY NAPATA forecast: $30-35m

So basically breaking even to small profit this half. I guess its how rapidly this forecast and the magnitude of the downgrade that has spooked the market.

It feels like they will be lucky to book a 20m NPAT figure for the full year and at 50c that is a PE of around 7ish, which is pretty much in line with some of the god stocks in this sector ie FGE.

I will be watching this one closely though.