It was trading in the 9.00-10.50 range PRIOR to the announcement...

It was trading in the 9.00-10.50 range PRIOR to the announcement saying theyll make circa 20% profit growth, and NOW just prior to the report ( a cpla days away) its been traded down

What are the reasons?

The result will be good i hope and the OUTLOOK IS THE KEY

I hope everything is OK

Its been sold down a little on LOW VOLUME though

If theres a recovery youd think that NORMALISED EPS will grow stronger than this yr based on higher demand

Of course this year we've had the good fortune of a lower AUD and LOWER INTEREST RATES

But normalised operations should do even better with a global recovery

Ok the AUD is higher and the interest rates may go up a little (but HOW MUCH are interest rates really going to go up in the next year?? Theyll still be relatively LOW even if they go up a little)

on a forward PE of 13 or so and normalised growth of anywhere between 10-15% , and more benefits to come from all the CAPEX from debt to grow, youd have to think that this growth defensive healthcare leader is still cheapish at such a PE

Its in healthcare and thus 'defensive', BUT, it really is a high growth company.

So you got the best of both worlds