hartleys had tim with project sales at 46.5 mil against forecast...

hartleys had tim with project sales at 46.5 mil against forecast of 60 mil.they say no bottom line profit guidance was givenand that they have reduced there recommendation from a buy to a hold.they also say that although tim have increased annuity income which is a plus it appears that increased costs will impact eps growth next year .thay also say that they doubt that tim will be able to reignite interest in the sector.wrongway