Chart Update, page-8636

appreciate a couple of our ‘favourite’ analysts jacked the expected figures so we would miss consensus at FY but this time it will likely be different.

if we meet consensus we should be valued at $13.89 according to average analyst target valuation. However, we are already steeply discounted at $11.50 so seems market already priced in a miss.

expectations appear low so as long as we are still increasing market share; can demonstrate the growth story is still in tact; margin forecast being meet and US update provides some dreams and blue sky we should be re rated.

lets see if Citi suddenly slaps a buy on a2 with big expectations...wouldn’t surprise me if try old tricks. They seem to go with the tried and true...

Personally think we’ll exceed low expectations. Remember as of last update from Jayne a2 was still seeing significant growth and increases in market share month on month

we’re no longer priced to perfection so not worried