May be bit more, may be its time for Couta1 to appear back here.
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think the biggest risk is the pantry stocking as they have highlighted. guess it depends on how big customer pantries are? and when they stop buying to use the pantry stock. no wonder they cant put a figure on this to hard to know
Yeah ...........as he states:
"We are unable to estimate the timing and extent to which pantry stocking may unwind".
"Given the COVID-19 situation, the outlook for both revenue and earnings remains uncertain".
"Furthermore, significant uncertainty remains around the potential impact on supply chains and consumer demand in our core markets and the resulting financial impact on our performance for the balance of the financial year".
Maybe all the revenue expectations already priced in as GB states:
"It is unlikely that these factors will be sustained as these unprecedented
circumstances begin to unwind".
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Hope SP goes up and stays up, but maybe .....
Yes, previous consensus was around 1687M, the mid point of this forecast is 1725M so 2% higher. I imagine this is mostly priced in however the increased margins are nice but not exactly unexpected. I think there will inevitably be a slower quarter coming up as pantry buying is exhausted, when this slower quarter comes the SP will fall and that will be a good time to buy.
I wouldn't buy into any rally today if there is one but then I would say that after selling out at $20. Well done to long term holders, this is still a great update but with a market cap of $14B great is the bare minimum.