HY guidance obviously will be met, we just don't know which end of the range. Still a lot of water to go under the bridge for the FY, a lot can change in 6 months, I'd be surprised to see them alter FY guidance with tomorrows update.
What makes you think another downgrade will see sub $8? You do realise the majority of the market is expecting a third downgrade right?
I've lost count of how many times I've seen posted "downgrades comes in threes" (They also come in one's, two's, three's , four's, five's and sixes etc) .
Question is, how much of a expected third downgrade is already priced in? What impact will this have if a expected third downgrade doesn't eventuate?
HY guidance obviously will be met, we just don't know which end...
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