Baukaw, I am a little confused about the Mac release and I was hoping you can give me some clarity.
From the release that you posted:
"1HFY14 earnings loss was larger than forecast: SDL reported a net loss of $21.2m, more than double our $9.9m"
Below are two tables that I have lifted from the quarterly report released on 22/1/2014
Here we can see how much cash was on hand as of 31st December 2014 and what the cash burn was for the first 6 months of the fin year. This is very closed to the numbers that seemed to have the Mac analysts reeling in shock today.....and yet I was aware of these numbers on 22nd Jan.
Did the Mac bank even read the quarterly when then were doing their predictions on SDL?? It appears as if they didn't.
Someone once told me that no one will look after my money like I will. Can we even trust the Mac bank 15c target if they haven't even bothered to read the last quarterly??
SDL Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held