You saw the results announcement on 17th October right?
"However, we are not immune from shorter-term macroeconomic headwinds facing many organisations, which in the current financial year have so far led to a more moderate growth profile in our Trade and Wholesale markets, and a further deterioration in the Retail sector. This resulted in our overall year-to-date revenue growth slowing down to a low-single digit percentage rate, compared with last year. In terms of bottom line, these challenges are further compounded by increased short-term margin pressures from cost inflation and other external factors such as increasing payroll taxes; as well as investments in capability, depreciation and amortisation costs and higher interest"
The original BTB announcement didn't state that they would hit the addition $100m as long as trading conditions were ok. You are right though, probably wrong to assume that the last quarter hasn't produced a miracle result.
BAP Price at posting:
$5.25 Sentiment: Sell Disclosure: Held
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