Definitely a downgrade. However, I think there has been a major...

Definitely a downgrade. However, I think there has been a major over reaction. The stock price had already fallen approx. 30% since April. Now down over 50% since April.

1H 2014 EBITDA - 4.3m
2H 2014 EBITDA - 13.5m
1H 2015 EBITDA - 7.5-8.5m Estimate. Approximately a 40% drop on previous Qtr. (Hence a 40% drop today??)
2H 2015 EBITDA - 19.5-23.5m Guidance.

If FY2015 delivers 27-32m EBITDA, NPAT could be approx. 14-19m. Therefore with Stock Price @ 55c, This is trading at 6.5 to 9 times potential earnings.

Div could be 4-5c

Only thing stopping me going headlong into this is I haven't researched the Management. Any information on Management would be appreciated.

Sad Day