It was a good news, but the market was too over excited
----------------------------------------------------------------------------------------
The company updated its FY17 guidance on 2/11/16, sp dived to $1.48 straightaway
took midle points,
LFL sales growth +2.5%
Total sales $270m
FY17 EBIT vs FY16 (1) Approximately 15% decline =$33.32m
--------------------------------------------------------------------------------------------------------------
Today updated its FY17 guidance,
LFL sales growth -1.4%
Total sales $264.9m
FY17 EBIT=$29.5m
------------------------------------------------------------------------------------------------------------
Comparing both,
LFL sales growth------------>today's guidance was 4% worse than the trading update on 2/11/16
Total sales ------------>today's guidance was 2% worse than the trading update on 2/11/16
FY17 EBIT ------------>today's guidance was 8% worse than the trading update on 2/11/16
ADH Price at posting:
$1.28 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)