Underlying FY17 NPAT was $75.7m, so 6% growth means FY18 target was c.$80m. 1HFY18 guidance is $22m statutory which includes $7m one-offs, so underlying guidance is $29m, meaning to hit $80m they have to do $51m in 2H. That's laughable given they earned $34.3m underlying NPAT in 1H16 and $39.5m in 2H17, and the business is going backwards.
Obfuscation and shooting the messenger is a fairly typical response when you have a rat cornered.
RFG Price at posting:
$2.12 Sentiment: None Disclosure: Not Held
