how wrong was that statement, page-2

The fact that management say they are confident of a strong turnaround for earnings in H2 signals to me that they already have sufficient visibilty to comment. I believe them. After all, in fairness, they did say how difficult the half was some time ago and that it was going to be a tough period. I doubt they would have stressed the potential turnaround for H2 and unless they knew it by the orders and margin improvements they must be seeing.