People selling because their profits are going to lower for the 2HFY17 and FY18.
$22M NPAT for 1HFY17 is going to be as good as it gets for now. 2HFY17 not looking flash hot.
BellPotter's FY17 forecast is $26.5M
Take $22M out, you are left with $4.5M for 2HFY17 - which is terrible.
It looked good on paper with growth, but that's past and market is always about the future. I guess some people didn't read the report properly and measure that against the future.
NAN Price at posting:
$2.52 Sentiment: Sell Disclosure: Not Held
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