Does everybody agree that guidance appears to be 0.56 per share. Market was expecting something like 0.87. So does that mean the PE multiple has been too high? Maybe the multiple should now be 10x or so? That would lead to an even nastier SP correction if the market takes that view. I don't know if it can fall that far with book value at 6.55, and with the property segment offering upside.
I'm not sure what the analysts will think of UGL's prospects in 2014 now.
The demerger idea is one bright spot I guess.
GLTA
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