I'd say it's more a case of 2 steps forward, 1 step back personally. I never really like to make SP predictions but it feels quite oversold today.
- Capital management has been poor and/or poorly communicated.
- NPAT might have likely been in line with consensus, if not for depreciation resulting from the MVM boiler upgrade. But it was a miss in the eyes of the market.
Apart from these things, I don't really see too much management is doing wrong and things will continue to go in the right direction, just not in a straight line. Change my view?
Media Updates, page-14597
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