IMS 0.00% 69.0¢ impelus limited

Management has already stated what the second half was...$25m...

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    Management has already stated what the second half was...$25m revenue and $3.2m ebit. At least, it is pretty easy to deduce that from what they stated as the full year numbers deducting the previously advised first half numbers. You then need to extrapolate that second half result with the recently acquired business, stated as being an additional $2.5m ebit, noting that the acquired business is synergistic, and one assumes therefore that this should be very good for the overall business. That gets us to around $8.9m ebit, all things being equal.

    Having said that, guidance is very important; past results less so. The market is always ahead of the game, looking forwards, not backwards.
 
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