EBITDA was originally forecast at 12m NZD in 20th July 2015. This was revised upwards to 22m NZD during the AGM on 17th November 2015. A month later, this was again revised upwards to 33-37m NZD on 18th December 2015.
They've definitely allowed themselves some leeway given the 10%+ range (33-37, 4mil difference), so we would expect that A2's announcement tomorrow would be within this range.
IMO only -
"bad news" would be <$35m EBITDA, my feeling is that a lot of hype that has been factored into the share price over the past few weeks, along with a strong SP movement today, so just meeting the lower half of the previous forecast may not be seen as favorably.
"good news" >$35-40m EBITDA, plus a stronger updated forecast for the rest of the year.
Some focus would be on IF+China as this has provided incredible growth for A2 over the past few months, as well as an update on how UK/US is progressing as these areas of growth will initially require a few years of capital outlays.
A2M Price at posting:
$1.88 Sentiment: Buy Disclosure: Held
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