SSX smorgon steel group limited.

useless profit warning, page-2

  1. 1,950 Posts.
    first half profits were up by about 19% to around 30 million and smorgon stated that they expected to exceed the first half profit in the second half some analysts got excited and were forecasting a 20% to 30% jump in second half profits the more conservative ones were calling a 5% to 10% increase which i guess is going to be closer to the mark . a full year profit of 60 plus million and a final dividend of 6 cents is still a very good result and ssx is well undervalued at these levels .wrongway
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