@zaidi675
I suspect the reason why the market did not react on Friday is that this result could be largely inferred from reading the last two quarterlies.
The lack of renewal from Nordstrom is disappointing (even though that one, too, had been telegraphed to the market), but the current revenue run rate of ~10mUS$ pa does not look terrible to me, provided they continue to grow.
I think it is fair to say that the size of the market opportunity for OMN does not appear, so far, to be as big as envisaged by Management at the time of the demerger from Westfield.
But then, again, that sort of upside was never priced in by the market in the first place.
Overall, this is still a Hold for me (even though I have admittedly reduced my initial allocation by ~40%). It will be interesting to listen to the investor conference call on Thursday.
