I agree, the earnings for this second half will be matched or if you look at the numbers carefully exceeded!
Look at the cash at bank for the last qtr, look at the cashflow which will increase and you'll see 20m is more likely.
Anyhow, I believe asc would rather ebb on the conservative side so they can beat the forecast numbers... also remember that after this half the profits margins on new business accelerates as the costs are largely fixed. This spells big profits and you can see this in ASC forecast numbers. I believe they didn't put the following half estimates in there because they would look ridiculous... anyhow, I think they'll make a killing... what the share price does is a different story.
Cheers, Munch.
Cheers, Munch.
ASC Price at posting:
0.0¢ Sentiment: None Disclosure: Held
