Ann: Chairman's Address and MD/CEO's Presentation to AGM, page-11

from memory in each financial report they gave a figure on outlook the fact they didn't in FY15 report and Punches selling down was a sign...

it will a have a period of SP decline... I'm not saying this is not a good company but <5% growth for 16 will have an impact on a company that has had 20% growth for a period of time.. add to this the reaction to Punches selling down before todays outlook update... I don't buy into he is retiring as the reason... if the outlook was going to be strong he would of held and sold after... just because his retiring doesn't mean he has to sell..

I would buy into this company again but at much lower levels...