There again there may be a more mature approach to today's announcement.
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Good for this to happen... imagine if they hadn't provided an update and just announced this stuff 'on the day'? Would be looking at larger than 20% drop I would think. At the end of the day, this is healthy to happen and keeps everybody with their feet on the ground.
Gross margin percentage for the full year is expected to remain broadly
consistent with 1H18, given the benefit of throughput efficiencies and
currency movements.
So margin are really falling but it has been masked by cost cutting and a favourable exchange rate
Noone seems to have mentioned yet, first half revenue of 434.7 projects with 0 further growth to 652 over 9 months. We actually got 660 so suggests a 4% increase in revenue last 3 months Vs first 6 months. How big an impact did those Chinese holiday sales have? I still hold but well in the money from my last purchase. New markets might take a while to ramp up significantly.