I'm all for critisizing the common practice of trumpeting "underlying results" where they are used to signal whatever pretty picture management desires. But it is also true that statutory results, without the extra insight provided by "peripheral" acivities, can be just as misleading.
Funny, often I see shareholders being led astray, on the upside, by window dressed "adjusted" results. In this case, I wonder if the market is being led astray, on the down side, by the unwarranted suspicion of "adjustement" shenanigans.
Ultimately all info is good, and no serious analyst should be taking ANY numbers at face value.
All extra info is welcome, though preferrably with an attitude of transparency, candor & honesty. Whilst not pretending that IVE Group are exemplary on this front, I am yet to see evidence of them being terrible.
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