I actually think the FY15 results will be good given they said Q1 was traditionally the weakest quarter, so I expect a very strong underlying performance for FY15 compared to FY14 which actually justifies a higher earnings multiple.
I don't think it will hurt to apply under the Prospectus. Only issue is you may not get any shares.
Regards
Marv
QXQ Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held