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Link accused of playing games after reporting slightly higher revenue guidance – Sydney Morning Herald
ASX-listed Link told the market it had beaten expectations when it reported its revenue guidance had changed from $594 million to $597 million for the half.
Morningstar analyst Gareth James, who has a ‘buy’ rating on PEXA shares, said the profit upgrade announcement was barely material and “a little bit concerning”.
“For me, it smacks of desperation a little bit,” Mr James said. “It’s not necessarily great news to do better than very low expectations.”
Link underperformed last year as it was hit with regulatory headwinds and surprise legislation that eroded its earnings, including the federal government’s early release of super scheme that forced it…
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