TIL - Trilogy [formerly ECO - Ecoya]

[boysy]

Let's see the results tomorrow I take it the market has priced in them a) not hitting either headline revenue or EBITDA guidance and b) the growth story dissapearing. Will be interesting watching either way.

[trader_jackson]

https://www.nzx.com/companies/TIL/an...ents/301714Wow th

Rescheduled the release of FY17 Annual Results to Friday afternoon? They announced the time and date over a month ago and the night before, a few minutes after market close (conveniently?) , they delay it for half a day?

[JohnnyTheHorse]

The results should provide clear guidance for the stock - this has been lacking for many months. If guidance is met at the low range, I do not see downside from a fundamental perspective. That would be $19mil EBITDA and $100mil rev on a current mcap (@230) of 167m. The forward guidance is going to be a big SP driver I believe - has growth dropped off completely or can they maintain a reasonable growth rate?

If growth begins to normalise or stagnate, the Business Bakery are either going to create growth (likely through acquisition) or they are going to have an exit strategy.

I wouldn't read into reasons for a half day delay in results... there are many potential reasons for this.

[QOH]

https://www.nzx.com/companies/TIL/an...ents/301714Wow th

Rescheduled the release of FY17 Annual Results to Friday afternoon? They announced the time and date over a month ago and the night before, a few minutes after market close (conveniently?) , they delay it for half a day?

Don't they say Friday afternoon is always a good time to announce bad news.

[babymonster]

Don't they say Friday afternoon is always a good time to announce bad news.

yes, pretty much always the case. this doesn't look good to me...

[JohnnyTheHorse]

yes, pretty much always the case. this doesn't look good to me...

After market close on a Friday is the usual for this. If they were trying to hide anything (which doesn't actually work anyway) then they would release then. They certainly wouldn't be holding a conference call either. Delays like this are usually operation e.g. delays in audit sign offs, issues with getting their fancy graphics just right.

You could be right though - things could be pear shaped!

[JoeGrogan]

yes, pretty much always the case. this doesn't look good to me...

Could cause a sell down this morning?

[winner69]

Delay no worries - it'll be all fine

EBITDA >$20m

Probably something like Board meeting not finishing until lunch time or something

[LAC]

Im not liking the timing change to be honest....

[co0p]

One explanation could be the time differences between NZ and Aus. 10am in NZ is pretty early in parts of Australia....