Ann: Appendix 4C - 167% YoY growth delivers $40.1m ARR, page-27

so what they have done is cut the fundamentals based parts like ARR and EBITDA all the things that generate earnings basically but have increased the momentum indicator or pricing multiple to come up with a higher valuation

so it was a downgrade but we increased the target price

I think Citi will be getting in hot water with the ASIC guidelines unless they can provided defensible reasons behind there forecasts and upgrades

same happened with wisetech

be warned

in any case this stock is cone raising as I've been saying for months and it trades lower in the short term

I thought the CEO had said no more cap raises

reminds me of "there will be no carbon tax under any government I lead "