Absolutely agree Andrix. The main point here is they did not issue guidance. Despite that they are expected to report to the market on the guesstimates of a random number of analysts if they consider that their calculations are >10% beyond BEN expectations. BEN has very diplomatically explained that ASX questions were outside of the parameters as used and set by both BEN and the analysts. Let the analysts explain why they got it wrong and in effect precipitated the reaction we saw.
Anyway I did see that all of the metrics showed a downward trend which I hardly considered catastrophic and there was reason for some share price adjustment. Most of those reductions were explained by BEN and to some extent should have been expected based on the current state of the macro economy. As usual do your own research and look at the potential risks based on either your own judgement of where the economy is heading or carefully select the commentary of the experts. Don't decide to act on what is now seen as history and some inaccurate analysis.
BEN Price at posting:
$11.23 Sentiment: Hold Disclosure: Held
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