Danger tomorrow?, page-11

The management usually is conservative
On 4/11/15, CSR expects that group net profit after tax (before significant items) for YEM16 will be at the top end of the current range of analysts’ forecasts of $128-$162 million---------->actually better $166m

On 2/11/16, CSR expects that group net profit after tax (before significant items) for YEM17 will be at the top end of the current range of analysts’ forecasts of $154 million to $184 million---------->I think it would be better again

Many brokers were too bearish on CSR.
Fairly to say they were stubborn as past HY/FY results since Nov 2012 were better than consensus expectations every time

The result released yesterday was 20% better than brokers

Some brokers worried about aluminium price
the management think it was a floor.
Aluminium currently , Ingot premiums, which are paid to producers above the LME aluminium price, appear to have reached a floor at US$75 per tonne (Main Japanese Port ingot premium).