Why - well they missed.
Guidance given on 14/6
Revenue $35M
PBT $3.5-$3.8M
EBITDA $5M
Actual result today
Revenue $34.8M
PBT $3.6M
EBITDA $4.8M
Interesting to release guidance with 2 weeks left in the FY. Interestingly, that day TBF ceased to be substantial. Interesting too that the numbers came in below as I thought the management here were underpromisers and overdeliverers? I was certainly hoping for a beat on their guidance or at least in-line. Maybe they went bullish in June to create the liquidity to exit TBF.
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