That Reuters thing says been a DOWNGRADE for 2014over the last week
Consensus Jun14 now 8.80 .... week ago 8.9 and 2 months ago 9.03
Also June 15 at 9.27 is less than the 9.50 2 months ago
Growth figures pretty abysmal - not the usual analyst bullishness
Winner 69,
The trend down for FY14 is explained by the addition shares issued with the purchase of the Reverse Mortgage business combined with a poor first half result. FY 15 cannot be explained with additional shares. I suppose we need to see the original reports to really get an idea. But the last report has caused an upward revision from 9.1 to 9.27 a week ago. More importantly, the last report has a eps is 9.9c.
I really wish management would narrow guidance for FY14. I fear a downgrade.
Sales and Profit Figures in New Zealand Dollar (NZD)
Earnings and Dividend Figures in New Zealand Dollar (NZD)
So the 43mill shares issued to Senior Money International made them the largest shareholder. Looks like Mr Tomlinson topped up to push himself to No. 1 again. https://opencorporates.com/companies/nz/3152425
Shouldn't there be a Change in Substantial Shareholder's Interest announcement, not just a ongoing disclosure?
It will be interesting to see what security was used. Hopefully a nice villa in Grey Lynn or some other million dollar asset. The share price rose to 89c so it can't be too bad a loss, if any.
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