We experienced a brief sell-off after the annual report was released mid-year. Figures looked bad at the time but they weren't anything we didn't already know. I feel today's release is much the same.
Nothing to expect in the way of revenues (albeit lower than anticipated) and the fundamentals remain unchanged. If others have better prospects to park their funds short-term then so be it. As for NAB, that was nothing more than a rumour and so shouldn't be held against the company..
NAB would have been great to bolster our presence in Australia but as far as our existing/prospective clients go NAB are small fry.
Ann: Quarterly Company Update, page-10
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