So EBIT down about 25%. Even if there is no improvement in the 2nd half (given the Eroma acquisition this doesn't seem likely) P/E for the year will still be <11.
Current SP looks like a typical market over-reaction to me.
Ann: Trading Update, page-9
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$1.18 |
Change
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Mkt cap ! $73.47M | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.18 | $1.16 | $118.1K | 100.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 726 | $1.17 |
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|---|---|---|
| $1.18 | 14240 | 1 |
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