Just to be a little real Morgans are generally hopeless at most things. Anyway, late last year they estimated revenues of $15M for the FY just gone. Now its $10M. Thats a 33% reduction in 8 months. They also estimated a net loss but a bees dick away from break even.
Like government budget estimates stretching out to 2018, I would apply a simple formula to any forward year estimates:
(a) if Morgans are involved, reduce any estimate by 20%.
(b) if the estimate is 3 years away, its safe to reduce the estimate by further 30%.
Sorry but $105 million profit in 2018 is plainly ridiculous.
Back into the Fun Police paddy wagon. Woo. Woo. Woo. Woo.
profit 2.4 cents per share 2018, page-15
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