The 2 announcements at end of Jan and this week are effectively a 20-30% earnings downgrade on the expectations set in September when they were "optimistic that the first half's improved performance can be sustained" (MVN Presentation). Recall the first half earnings were up 20% (before abnormals) and they proudly stated that the 'turnover gathers momentum'
Wow up 20% in first half and likel;y to be down 35% in second half -lets hope that type of performance doesn't 'gather momentum'