Originally Posted by
Roger
Very well said Balance. Their analyst Bowley got the interim result hopelessly wrong, honestly he was so far wide of the mark you wonder how much analysis he actually did ?
That they won the 2016 competition only goes to prove the old saying that every dog has its day not matter what the pedigree.
Anyway back to AIR, yes Winner the hound was conservative, and deliberately so, Kudos to you for picking ~ $300m.
Very happy indeed with the result but a little concerned with forward guidance in the circumstances taking into account $349m earnings before tax for 1H full year guidance at the mid point of $500m which is roughly what I have been expecting implies only ~ $150m for 2H FY17.
It will be interesting to hear their fuller explanation in the conference call for such a conservative second half forecast.