The problem is that company's management now lack credibility IMO. Guidance is worthless, because it is not being met (never mind exceeded like for the best companies), and investors can longer place confidence in management to deliver.
We were told to expect strong profit growth in FY2016 post the 2015 result. That never eventuated. Just a couple of months ago we were told that FY2017 'started in line with expectation'. That could hardly have been honest and accurate in light of this update. Sadly I misjudged the quality of the company, and put it down to another learning experience!
AGI Price at posting:
$1.83 Sentiment: None Disclosure: Not Held
