stlamc, you have made a better attempt to explain the slippage, than they have!
They have put out some nice feel good grabs;
Expect ongoing increase in average incoming place contract prices
Anticipate uplift in net RAD inflows in FY2017 as developments progressively come online
Higher place contract pricing
–Increase in average place contract value anticipated – growth at or above FY2016 rate
–Leads to increase in RAD capital and DAP revenue
But have glossed over the margin slippage of 5% 2nd half, adding to the slippage of 1st half.
Market likes to be informed, imo they hurt their own share price in being elusive. Conference call will probably reveal the detail which they decided not to communicate in this presentation.
JHC Price at posting:
$2.39 Sentiment: Hold Disclosure: Not Held
