This is a very bold guidance statement for FY11 given that they...

This is a very bold guidance statement for FY11 given that they disappointed the market last half and can't afford to disappoint again and lose the remaining confidence.

There was no need to put it "out there" to the extent they have (ie. projecting record revenue, record EPS, a forward P/E of 3). A slower trajectory was my expectation.

Previous announcements of supply agreements with the international carriers have been silent on $. This is really the first indication they have given the market of the revenue and profit value of those agreements / contracts.

To me it suggests that they are now confident that their promises are about to come to fruition.

Deserves to be back into the 40's - 50's going forward.


Jess