Hi Itsa,
not a mistake, it was intentional.
As mentioned it was an impromptu conservative call.
When extrapolating on potential futures that are dynamic and speculative I find it best to work from lower bases, keeping expectations to the minimal side.
As you will note, i worked on a 50% discount to all aspects, and also only included one region instead of all.
This allows the figures to be in a realistic zone, with minimal expectation.
Starting with maximum expectations is a bad place to start as it leaves a high probability of disappointment if not met.
I like to leave room for up side, not down side.
If a conservative assessment provides appealing figures, then the future looks good generally.
And if putting figures out there publically, expect to be scrutinised, so to avoid being jumped on, be realistic.
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