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  1. #16
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    Debate over non-cashflow related accounting issues + timing of income deferring profits to 2nd half = SP has plummeted despite good track record and outlook. It seems the former issue has eroded trust in management, including their assurances that they're on track with full year profits.
    To me, cashflow, long-term profits and management of the company are far more important than short-term accounting treatments and management of investor PR. All worst case scenarios priced in and a lot of upside potential for patient investors here imho.

  2. #17
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    Up 27% on the fact that there are a few potential takeover offers in the air.

    Even now it is still a bargain on the long-term fundamentals, in my opinion.
    om mani peme hum

  3. #18
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    Quote Originally Posted by Snow Leopard View Post
    Up 27% on the fact that there are a few potential takeover offers in the air.

    Even now it is still a bargain on the long-term fundamentals, in my opinion.
    Yeah, I hope there is a concrete offer in the coming days which reflects a premium to fair value.

  4. #19
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    Just seen this, woohoo, Rewarded. Be interesting to see where this goes, Keith John and two others hold re 20%.

  5. #20
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    The company is screaming they will meet guidance 4th time now. If they miss it, it will be game over...

  6. #21
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    Only 3 weeks away .
    Seems much ado about nothing with the accounting treatment switch,"expects a small, although not material, positive revaluation of assets when the PDP is measured using Amortised Cost at the transition date of 1 July 2018 (against the previously reported carrying value of $224.6m)."

  7. #22
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    They did disappoint last earning report though...

  8. #23
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    Quote Originally Posted by Joshuatree View Post
    Only 3 weeks away .
    Seems much ado about nothing with the accounting treatment switch,"expects a small, although not material, positive revaluation of assets when the PDP is measured using Amortised Cost at the transition date of 1 July 2018 (against the previously reported carrying value of $224.6m)."
    https://www.afr.com/companies/financ...0190826-p52kud

    Seems a big dodo all of a sudden!

  9. #24
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    Quote Originally Posted by trader_jackson View Post
    Seems as though we live in interesting times.?

  10. #25
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    https://stocknessmonster.com/announc....asx-6A943479/

    So, this is now getting serious....
    om mani peme hum

  11. #26
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    Quote Originally Posted by LAC View Post
    They did disappoint last earning report though...
    Foole me once shame on them fool me thrice DOH!!!!!

  12. #27
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    What an absolute mess!!! This is going to be a disaster! Nobody but Management to hold accountable for this,

  13. #28
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    Indeed - getting their arses kicked while their heads are in the sand...along with us hapless shareholders. Some lessons learned here!

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