I think the 1H result is OK or possibly below analyst estimates. However this is countered by a strong EBITDA guidance for the full year which I think meets the analyst expectations. For me personally, the result is OK and my investment thesis remains intact. If Jamie can deliver on the upper end of the EBITDA guidance, the SP will appreciate significantly from here. What happens from now till then is unpredictable. The SP could jump up today or stay low and slowly make it's way up towards August. I very much doubt the SP will get back into the $13s after this result. If it goes to even $15, it will become a compelling buy for me. Here's to hoping the SP jumps up to $20 on the positive outlook.
CTD Price at posting:
$17.25 Sentiment: Hold Disclosure: Held
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