disappointing update ... the further decline in domestic sales is not my concern ..
- trading update at FY16 presentation 7 weeks into 17 all is as expected. 10 weeks later (today) 30% drop in domestic sales expected in 1H 17. 9 weeks left for 1H 17 and now they are certain of 30% drop???
- 2H forecast very vague ... significant growth on PCP ?? define significant... 5/10/15/20/30+ %
- i dont usually look at trade depth... however with the recent down trend I watched at the open and noted a sell for 140k shares @ $2... unusual for a stock whose daily volume is 500k on avg without announcements.... I noted a post stating shorts increased recently... this alludes to the leaking of information
- Management needs to explain points 1 and 2 and if not justifiable should move on... Point 3 needs to be investigated
- Im confident in the longer term future of the company... the domestic decline (dragging on longer than I expected) will be insignificant to the international growth in the coming years. Domestic market basically replacements...
- Shareholders will need to be more patient as frustrating as it is...
- im quite surprised the SP did not drop further than the 20% spike down... I guess the recent sell off priced it in??? currently 10% down
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disappointing update ... the further decline in domestic sales...
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