K+S has shifted into boost mode, which is not necessarily to be taken in a strictly positive way. K+S’s Q2 top-line did not too bad, but going south the deviation between our expectations as well as consensus and the reported figures increases like opened scissors. Management increased the level of detail in the guidance. We are still wondering why management had not taken the chance to manage expectations when the Bethune issue came up.
14 Aug 2018
The burdening hedges
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The burdening hedges
K+S has shifted into boost mode, which is not necessarily to be taken in a strictly positive way. K+S’s Q2 top-line did not too bad, but going south the deviation between our expectations as well as consensus and the reported figures increases like opened scissors. Management increased the level of detail in the guidance. We are still wondering why management had not taken the chance to manage expectations when the Bethune issue came up.