Are you almost implying this is a sandbagging announcement? To my mind (I have been a LT holder for over 4 years) this has been the company’s first mis-step in that period. The company has typically under promised & over delivered. However by quickly resiling from their bullish stance of 6 weeks back (yes - a bare 6 weeks) they are saying they won’t / can’t recover the lost ground? Furthermore everyone knew 6 months back that Chinese tourists, Chinese students, Daigou were never going to be a big factor in the 20/21 FY. so I’m a bit confused I must confess. Attribution to Melb lockdown is also slightly disingenuous IMO.
Ann: Updated FY21 Outlook, page-32
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