I agree Alpha
Also weighing on FCL is this:
"Shareholders have now been hit with a further profit downgrade of $17m after tax due to a $24m pre-tax impact relating to non-recurring items in the insurance operations of Elders. That suggests a reported profit of $65m to $68m or around 10.8 cents per share rather than the 14.9 cents we were originally expecting."
Regards,
Webs.
ALERT - FCL , page-3
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