Ann: Investor Presentation FY14 Review, page-3

  1. 56 Posts.
    Always wary when an annual report comes out on a Friday after close.

    But having had a look at it, I agree....new management seems focused on margins, which is about time. Almost 500m revenue and next to no profit, so even a small margin improvement will make a huge impact.

    Profit trending in the right direction...if they can repeat it again next HY then it will be cheap.

    Big writedown and clearing the decks, as expected of new management. I think it can only get better from here. Will keep holding.
 
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