I have no idea what Feb will hold, but it would be a fatal blow to management credibility if they missed guidance and didn’t warn the market via a downgrade announcement. They will know now what their unaudited revenue/ ebitda/ npat are and they will be aware of the macquarie downgrade etc.
there is nothing to lose and everything to gain in terms of shareholder trust and respect etc by putting an announcement out now with indicative results. But they probably don’t want to set a precedent by routinely putting out guidance in line with estimates, because it means there is nothing to say of note.
therefore, in conclusion, I think we can fairly safely presume that they have approximately reached guidance, even if it’s near bottom of guidance range.
so all in all, I take it as a positive and will continue to hold my overweight long term position.
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I have no idea what Feb will hold, but it would be a fatal blow...
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