CVN 6.06% 15.5¢ carnarvon energy limited

hartleys broker report a bit sloppy

  1. 9,353 Posts.
    lightbulb Created with Sketch. 218
    Could not help but notice that their FY08 sales at the end of May was for 95.7M.

    Given that thek would have known that sales for the first 6 months were 16M and then 23M for the March qtr, that makes 39M for the first 3 qyrs. Did they really expect 56M for the last qtr especially as they should have had an idea that production was down due to drill testing.

    Unless i am missing something, sales for the FY08 were around $65M.

    Very sloppy indeed I would have thought (unless they claim that their FY08 forecasts are for the calender year - which is not clear from their report).
 
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