I too hold this one, foolishly believing that the recent forecasts of eps of 6.2c were a sure thing.
Management obviously hasn't control of the situation and today's forecast of eps in the 3.0-3.7c range is not worth a lot as they don't know what they're doing.
A company like this only deserves a PE of about 7, so 7x3.0=21cents.
I feel sorry for those that took part in the IPO.
PS Could Tex comment on the statement in today's announcement which states "The normalised full year net profit after tax is expected to be no better than a break even position". What do you make of this Tex?
