Everyone is so bullish on the results. I just wish management shared everyone's enthusiasm:
While a conservative approach shows that FY15 maybe a "steady as she goes" performance, it is line with the company's objective of producing consistent profits.
To me that sounds like a profit downgrade, or at least flagging reduced profits, but profits nonetheless. If I was expecting 50% increase in revenue for 2015 and big uplift in profits I think my tone would be very different.
Happy to be proven wrong though.
WRR Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held