Hounds are supposed to be optimistic in their nature !!
Having owned a beagle hound for 12 years they are eternally optimistic and have a veracious and opportunistic approach towards food consumption. Never trust a hound that isn't optimistic !!
This is a lesson I leaned at cost from the resident snoopy beagle hound who was extremely conservative about HNZ's prospects back when they were 95 cents...hmmm the canine missed out on a huge feed there...one ponders how his ability to sniff out a feed was so far off the mark...
I think management are doing a good job and if they can make their current forecast in the current extremely challenging climatic conditions this augers very well indeed for 2016 and beyond.
I note broker consensus is for 2015 and 2016 EPS of 5.0 cps.
Bringing certainty to future predictions
Quote:
Originally Posted by
Snoopy
Noodles, I am not saying that FY2016 earnings will definitely be down. I am saying there is a large probability that they will. That possibility is reason enough to rebalance my portflio. But remember I still hold 3/4 of my PGW shares!
SNOOPY
Technically you hold all of your PGW shares on the grounds that the ones you sold are not yours any more. :)
Quote:
Originally Posted by
noodles
But why will FY16 be down? Because of the drought or commodity prices? Just trying to understand your concerns over Fy16
I consider it exceedingly unlikely that FY16 will be identical so it will either be up or down.
So we could call it a 50/50 shot either way unless we have some belief that the company is in a position to improve it's 'financial efficiency' and skew that to, say, 60/40 in favour of up.
Watch the price move has the future unfolds.
Best Wishes
Paper Tiger