RE Year End3 Dec 2016 21:47
From one way of thinking you may be right ~but ~until any stated figure audit qualified~ it would make fools out of the BOD if it was wrong and you would attack them?
Hence the generalisation that income exceeds the first Q by double etc.,Logical thinking or direct contact with BOD will sort that one out.
I personally don't mind how discussion figures are presented in a general sense prior to YE results, a general sense gives us a picture which can then be validated by the audit.
When the announcement was made no one was aware of the kind of progress that RP was expecting beyond the previous published information.
So he suddenly stuck his neck out and said in effect~guys this is going better than our best forecast~
Now will our broad expectations be met ~ better still what will the fiscal KPI be forecasting for 2017/2018.
Other side information such as the CTR coming home at 9.4% when known expectations on none PC ads was 2%,~
New York sales team increasing B2B numbers etc.,
All add to validity of the better than forecast comment.
So I am ok with it and I think others are?
.
No doubt someone will correct if my CTR and none PC figures if wrong.
Peaky~Yep I leant on my keyboard for this one.