re: Ann: Consumer Businesses Combined and Man... Excellent announcement... especially the last few paragraphs.
Thus FY09 expectations of 30c per share profit = $19.35 million.
Add onto this $2.5 mill in restructuring costs (taken into account in the 30c per share guidance) and the $5 mill in expected FY10 cost savings from restructure and we are already up to $26.85 mill for FY10 earnings, or 41.6c per share (a 38% increase on FY09).
Add to this any upside in consumer spending, reduced interest costs, etc and we could have a very good FY10 and subsequent further lift in SP.
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| MCP (ASX) Chart |