And that's your answer I think. My feel is that Clare's models are completely unsubstantiated. They probably just looked at historic growth rates and randomly plotted graphs above and below the growth trajectory. NZ First numbers look like they were fabricated. Didn't see the latest report but this is what was posted here:
EPS of 46.37 cents? They miss the company's value by a few billion and yet their earnings forecast is precise enough to account for every post-it note??? I really hate to think that this is the best Clare and NZ First can do and give them the benefit of something sinister.