I'm really dreading these reports coming out. The attempted spin is ridiculous. What other company would even think of reporting as a main headline "EBITA growth across all regions of 8% to 246%" (a range not an improvement from 8 to 246%)?? The 246% is an increase from $A0.2 to...$A0.8m. And it goes both ways but they completely fail to mention how much of the possible turnaround is due to the weaker American dollar. If I'm reading it correctly then 8 regions had some of their improvement ?magnified by exchange rate changes alone. Happy if this the start of a turnaround but not putting any new money in just yet!
FDV Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
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