To be fair they did say they were having problems in the half...

To be fair they did say they were having problems in the half year report and cautiously re affirmed the profit guidance with that in mind?? Maybe, one would hope.

Subject of course to stable exchange rates and trading conditions. Now with the benefit of hindsight one can say those conditions were relatively stable if not slighly favourable.

Are we tentatively to expect a profit of around 40m without further downgrade (which we are more than half expecting lets face it)?

If this is all the bad news though this should be a good result and if the aussie continues it climb then forward looking may be very favourable. Again if this is all the bad news. If we don't get a profit downgrade in the next two weeks I'm thinking its going to uplift quite a bit from there.

In two weeks I'm thinking a buy.