I know what you are saying madan, but obviously the market sees it as a profit downgrade, and technically it is It's not money they won't make, but for this financial year it will be less than expected. I would expect to see a substantial amount of tax loss selling on the back of this, and will be surprised to see any significant recovery before the end of this month.
A forecast earnings estimate for next year would have been nice. I guess we'll have to wait until August for that.
NMS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
