What are Macquarie talking about? EBITDA guidance for FY23 was...

What are Macquarie talking about? EBITDA guidance for FY23 was adjusted back sensibly. Only the brave were game enough to forecast guidance for FY 23 with the macro economics which were forecasted and the known labour and logistical problems which existed at the time. Wes adjusted back to FY23 target of $150-165m and came in with $163.1m . At the AGM this year he forecasted $190 - 210m for FY 24 and has reaffirmed the target. He has also re-affirmed that his capital recycling target should be met. Are they criticising this sort of guidance? Are they saying his metrics are that bad? For an industry which is mostly involved in the residential and commercial building game and with many residential builders having hit the wall I think he compares very well. There is no doubt that he faces interest rate hikes if the rates continue to rise just the same as all others in this industry segment will. Those who mange their capital well will prosper and those who cannot will help those who can prosper even more. Read the analyst reports, note that analysts report can differ substantially and still be thorough with your research.