Plumbing new lows, page-5

I am back in at this price. There always could be a much lower than expected profit, but I would have expected that so close to the end of the financial year, if it was going to be materially different they should know about by now and given an announcement.

After all the outlook from the half year results was stated to be:

“While our normalised earnings were lower than the first half last year, we remain confident there is enough pipeline and activity in our segments to record a good result for the full year. As usual, the last quarter will be important to our full year results. We expect the full year dividend to exceed FY15 full year dividend subject to full year results.”