No doubt that the shares are cheap today. But if I were a betting man, I'd say it's quite likely that there will be another downgrade to the 5-10% decline in operating profit they forecast for the coming year.
I also didn't think that there was a lot of conviction in the outlook statement or presentation slides, other than the usual "milk and honey" sentiments about content.
And no comment on the dividend outlook
And a small mention of a strategic review.
It's probably all factored in, but what's the catalyst for a re-rating ?
value or value trap, page-23
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18.0¢ |
Change
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Mkt cap ! $277.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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