Sold out on the results, lucky to have got 1.47 for them, will wait for the dust to settle, may look at them tomorrow, as more sellers may line up an exit or below $1.10
I have full year EPS running at around 0.15 at best (based on these results and lack of H2 guidance)
Halving the dividend also not good. So imo 0.15 x PE of 6 = $0.90 is a best guess bottom zone and for now $1.30/$1.32 as the cap.
Yesterday's volume was interesting, were the sellers lucky or did they know something?
Sold out on the results, lucky to have got 1.47 for them, will...
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