You will see the full and real picture next month when the half yearly figures are published - today's is only an Activities report wherein they are required to report sales and debtors information etc, but 'encouraged to report' anything which the company believes would benefit shareholders
Which is why we joke around and call it purple smoke - it contains stuff they want to tell you
'An outlook section or CEO quote to provide context and future expectations'
'The ASX emphasizes that companies should provide a balanced view, avoiding selective disclosure of only positive information without disclosing negative information4.The report should be comprehensive and easy for users to understand, helping investors assess the company's progress and financial position'
The half yearly report next month will IMO show a slowing rate of growth in the US, a stall in Aus, rising costs and the threat of whatever occurs from an over hyped market.
ZIP Price at posting:
$2.60 Sentiment: Sell Disclosure: Not Held
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