Ann: Preliminary Final Report-CDD.AX, page-9

In my view, failing a housing collapse revenues for this company have stabilised at around the $1.2bn (AU) mark.
Sifting through the results is really not easy though. Discontinued operations impairments you have to be a bit of a specialist to figure out what the results actually were.
To my mind the reason for that and the lack of guidance is very simple - as mentioned previously.
PPI is starting to see a recovery and whatever your view of the oil price a dramatic pick up in drilling in the U.S. is anticipated.
So failing a housing collapse I am still pretty happy with this one. I will have to continue to dig my way through the result but it was largely foreshadowed in the prospectus.
What they provide to shareholders is clearly the regulatory minimum.
The Propriertorship ratio is now 60% and the gearing ratio 8%.
I want to laugh but it's kind of sad, still strong cashflows. People who sell to Crescent in the coming buyback really have no-one to blame but themselves.