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Ann: Market Update - Continuous Disclosure, page-52

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thunderhead1

11,686 Posts.

388

13/01/21

09:38

Post #: 50129435
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Originally posted by CaptainBarnacles ↑

In July 2018, bad news on guidance was accompanied by the following comfort statement: "The result was primarily a function of the cyclical downswing in Infrastructure and an
underperforming European operation. Though the result is disappointing, the fundamentals
of the business remain sound with stronger licence growth anticipated for the new financial
year. "

So where is the comfort statement in the recent guidance updates? What does that omission infer?

IMO from this omission alone, you would have to give higher odds to the future business prospects being different now to what was in the past.

Expand

These nagging doubts also caused me to exit my stake some months after, a little higher than current prices.

IRI Price at posting: $2.52 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 65.5¢		Change -0.015(2.24%)		Mkt cap ! $116.1M

Open	High	Low	Value	Volume
66.0¢	69.0¢	64.5¢	$259.0K	390.8K

Buyers (Bids)

No.	Vol.	Price($)
2	43814	65.0¢

Sellers (Offers)

Price($)	Vol.	No.
66.5¢	3969	1

View Market Depth

No.	Vol.	Price($)
2	43814	0.650
2	6382	0.645
2	4671	0.640
1	1588	0.630
2	11400	0.625

Price($)	Vol.	No.
0.665	3969	1
0.690	50000	1
0.700	62423	3
0.720	1800	1
0.725	3500	1

Last trade - 16.10pm 02/10/2024 (20 minute delay)

IRI (ASX) Chart