Ann: Revision of FY17 guidance, page-3

I agree Bug1...

To be blunt... I was surprised it wasn't their synergies that missed target. As long as this "accounting" issue seems to be explained, it's not all bad.

Regardless, missing target again is definitely going to affect shareholder confidence and tank the price. It'll be interesting if it dips to high 2s haha.

Some positives:
- It could be an incentive for shorters to exit
- might nudge private equity to really consider a low ball offer, which might cause some momentum to regain

I think there's definitely a snitch in the company... not unexpected. it's quite odd that the shorters ramped up appreciably again very close to the date of this announcement. Plus... no directors buying shares really means that they knew this was coming.

Overall. Not unexpected. Will hold for the long term.