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d

d

Forecast elements excluded from the consensus

The appearance of any suffix against a given forecast, apart from '+' or '-' indicating an upward or downward revision, denotes exclusion from the consensus. The following suffix codes explain the reason why that forecast is excluded:

w Warning, i.e. the company's recent announcement of a 'profit warning' has

overtaken the forecast, and a revised forecast is awaited.

s Structural change in the company, such as a merger or de-consolidation,

rendersthe forecast obsolete.

a
Age - the forecast is old and is overtaken by events, for example it is out of line

with a subsequent interim announcement.

r Results actually achieved have overtaken the forecast. This most often appears

when preliminary results are announced after the date of the forecast, and the

actual result for the period is materially different from what is expected. When

this difference is more than 5%, the forecast is excluded from the consensus.

If the EPS forecast is within 5% of the actual result, but the dividend forecast

is not, then the dividend forecast alone is excluded.

d Different basis.

b Broker is disqualified temporarily from issuing a new forecast by reason of

currently acting for the company in a transaction, e.g. a rights issue, or an

acquisition.


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