"The dilemma rests around the question of recent poorer reporting performance and whether it is linked to the general economic condition in the US or, as they've alluded to, the pressure coming from competition."
That is the problem in a nutshell. The company has not provided a frank and sufficiently detailed analysis and discussion of the reasons for the near 22% decline in earnings in FY25. The end result is uncertainty.
As Paul Keating said - "If you leave a vacuum, it will be filled"
We also must be mindful that management is driven by the remuneration plan set by the board. FY25 is a write off for STI's. So if you are the CEO and CFO why not let FY25 go completely and set the starting bar low for FY26 and beyond. Something to consider in the mix.
REH Price at posting:
$13.28 Sentiment: None Disclosure: Not Held
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