Ansell unprotected
Late Wednesday night global glove and condom manufacturer Ansell (ASX: ANN) downgraded its earnings forecast following weak first half sales. The company cut its 2015-16 earnings per share (EPS) expectations to between US$0.95 to US$1.10, down from previous guidance of US$1.05 to US$1.20. The company said lower than anticipated January sales and global economic volatility had caused earnings to fall short of the previous guidance range. Ansell shares closed down 25% for the week. We do not own Ansell in the investment portfolio.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
Already have an account? Sign in here
Advertisement
Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Alternative Assets (ASX: WMA), WAM Strategic Value (ASX: WAR), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) – Wilson Asset Management invests over $5.4 billion on behalf of more than 130,000 retail investors.
Wilson Asset Management created and is the lead supporter of the first listed investment companies to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG).

Never miss an update
Get the latest insights from me in your inbox when they’re published.
2 topics
1 stock mentioned
Please sign in to comment on this wire.