Market does not like the debts..especially with the trade wars on the way...what I see only companies with no debts or low debts will do good a head...
I think there is more to it than that.
THL has a history of upgrading guidance during the year, often several times. • Previous guidance for FY18 was in the range of $36M-$39M. This has been updated to $36M-$40M before non-recurring items.
This is what was said 6 months ago. Fact is that the result is at the bottom half of guidance issued 6 months ago which is unusual for this company which has a history of upgrading and then beating the upgrade.
It also fell short of average analyst expectations. Debt is up significantly and there is considerable uncertainty on the trade war front.
I think the fall so far is a rational response.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I think there is more to it than that.
THL has a history of upgrading guidance during the year, often several times. • Previous guidance for FY18 was in the range of $36M-$39M. This has been updated to $36M-$40M before non-recurring items.
This is what was said 6 months ago. Fact is that the result is at the bottom half of guidance issued 6 months ago which is unusual for this company which has a history of upgrading and then beating the upgrade.
It also fell short of average analyst expectations. Debt is up significantly and there is considerable uncertainty on the trade war front.
I think the fall so far is a rational response.
Sucked punters (and guru analysts) in with that upgrade 6 months ago eh
Midpoint would have read better than in bottom of range
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Sucked punters (and guru analysts) in with that upgrade 6 months ago eh
Midpoint would have read better than in bottom of range
Market clearly wanted $42-44m and is disappointed.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Bookmarks