You raised some excellent points. Too many companies are pretending Covid-related support measures are real profits. As well with some of your other points, we need to see the one-off numbers itemized and underlying figures clarified. However we need to cut them some slack given extraordinary costs relating to acquisition and integration of a major segment of the business. FX loss again is not in their hands and can easily reverse in a future reporting period. I also expect cost efficiency benefits to show up in future profits. I imagine this is an operationally complex business and overall they are doing well to not show big write downs or impairment, especially in this pandemic era.
PTB Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
