I think the disappointments are 1) lack of dividend, 2) revenue growth not meeting expectations (Bells were looking for +$95m & some HC contributors were talking about 10% rev growth) 3) lack of any real guidance for 1H17 or FY17 and 4) comments from Chairman's Report saying "expect supply to be back in balance by end of 1H17" ... does this imply some pricing pressure for FRM?
Given the strong run in FRM's shareprice, any type of disappointment and uncertainty was bound to be greeted by a sell off.
I think the disappointments are 1) lack of dividend, 2) revenue...
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