Not withstanding the all time highs, if you take today in isolation the results themselves causes a circa 15% drop off yesterdays close.. Then old mates preso added another 6% drop and there's many hours left to go today.
Revisiting my thoughts on the preso I'm really not clear on the reasons they've bought Quadrant. He said it will run separately but also said the revenues weren't significant and couldn't / didnt talk to its profitability. Im ok with that but for an initial outlay of $25m plus what will be a gazillion shares he should be across the numbers and excited as all &#^_& if he believes we got a great deal... he wasnt..... Did anyone hear it differently / am I incorrect in my interpretation?
Maybe he should call up Alan Joyce and get him to pull the next presentation together..
Anyway I encourage all holders to recall today when the rem report needs to be voted on....
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- Ann: Appendix 4D and Interim Financial Report
Ann: Appendix 4D and Interim Financial Report, page-116
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