The optimist wrote:What's the purpose of issuing profit warnings after year has ended.
#SwalaNyeti ... Unless there were factors beyond the control of the firm in the last Q or H, your question is valid!!! It is silly for firms to issue profit warnings just before they announce their results!
Williamson does it right. They remain pessimistic in their commentary. And issue PWs in their 1/2 year result announcements too!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett