This is a seasonal business. There is no way that is happening.You were right the first time.Revenue is approaching Poneyg's estimate (a fair estimate I think) of $74m. Costs are $38m fixed, 41m variable, $8m bad debts. So EBTDA is still around - $13m as an estimate.
Would have been much better if they had put some proper numbers in the report instead of random ratios and random charts.
We will have to wait for the half yearly but there is no chance of posting a profit.
Ann: Quarterly Report and Appendix 4C, page-44
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