Yeah, horrible result but a bit of optimism on cost cuts and the share soars -- what a load! Another example of "buy the rumour, sell the fact". Weak demand, low prices, higher fuel and manufacturing costs and a 27% fall in NPAT and the share goes up 9%. The market is truly on its head. That said, I suppose the share price has had most of that fully factored in so it is only upside from here on in. Right?
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