Scenario (c) Coalition but with slow changes 2013 EPS: 85c 2014 EPS: somewhere between 40c and 72c. Further more under (c) we will see a further deterioration after 2014 because of the more orderly introduction of change in legislated effects.
Now under each of these changes I expect 2014 EPS to drop. Why? because we are already in August, with the election not occurring for another month, there will be a minimum of 3 months during which businesses are scared to utilising the breaks because of the 16July back date. So effectively everything is on hold. MMS is holding on to staff, but I bet everything is quite on the business front at the moment. So revenue dropping, yet costs the same.
Earnings for 2014 ARE going to be hit, its just a matter of how much!!!!!!
Once the market realises this, it will reprice downwards the 'coalition upside' (ie the $16 upside that I am hearing out there in the marketplace on a coalition win)
MMS Price at posting:
$8.24 Sentiment: None Disclosure: Held
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