It’s always good to under promise and over deliver. And DJ’s has done just that in their half year result, posting a good result in depressed consumer circumstances of 4.2% profit growth amidst falling revenue.
They also reaffirmed full year guidance of 5-10% profit growth.
One has to seriously wonder, however, about the above caveat provided in the result. Why include this stuff if there is not already very serious concern, dare I say, actual impact, on trading?
The pre-warn, warn?
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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