vwap now 6.03, page-11

Its called a re-rating and that is all that has happened. This stock was priced for perfection seeing as it has delivered 20+% earnings growth every year for as long as I remember. It traded on a P/E of 20x and rightly so, but now with EPS of 40c it is on a P/E of 14. This is a fair P/E for this stock after the announcement and after management has disappointed the market like this. I wouldnt expect this one to bounce. There are a lot of small cap fund managers out there who will be itching to cut their losses. I think it represents fair value. Nice to see the MD sold over 100,000 shares at the end of September, thanks for the heads up...