day chart, page-22

Lots of other positive stuff as well - especially cashflow has improved dramatically. All losses have to be financed and historically this would have affected their ability to manoevre especially when consdiering acqusitions. With historic losses the midset of the business is one of consolidation to get profitability back and strategic developments take second place. the trunaround should be really positive in terms of enabling the management to now move forward. Equally they have securitised their debt with a decent size facility from Adeleide Bank - which must represent one of Adeliede Bank's bigger customers so they would have doen their homework (I work in corporate lending and I know first hand what has to go into the credit analysis of those size of loans).

Lots of positive information contained within the report which reflects the positive expected direction of the TA. Looks as thought eh dividend has been shaved a little - maybe indiciatve of them wanting to preserve some cash for expansion (maybe acquisition)

Sounds as if TA and Fundamental analysis could work well together on this one ...

Good luck to all holders