Ann: H1 FY2021 results announcement, page-65

Hi guys, new to nxl today. Hope I don’t regret it.
my take on this is the HY FY21 is in line with forecast and on track to deliver as per ipo.
I think the problem is the way they presented the figures. Presenting as sales 44% of FY21 forecast give the shorters and opportunity to scare punters into selling and if you don’t read correctly looks worse than what it really is. The key take is in line with forecast and down 4% year on year. EBITA is in line with forecast 50% of FY21 and actually up 3% yoy.

For this to be down by over 30% in one days says the company is almost going to fall over and the earth is about to cave in. Are Sales down 44% and Ebita down 50%. No this Isnt the case. Their on track. Read the announcements properly. The shorters will see opportunities to try keep going but hopefully common sense come back into play on Monday.