Ann: Trading Update Q3 FY22, page-73

I think it is great you have your own way of assessing their performance, but it is clearly not how I would go about it.

I believe you are using historical data to project their sales trajectory to assess their performance, whereas I am using what management have been telling us and what I think the market is pricing in.

Whether it be right or wrong, I hope you can appreciate that I am at least trying to be consistent and not conveniently dissapointed every time they undershoot my expectations.

Remember they just told us a couple months ago they expect to be cash flow positive for the financial year... I am here to give them credit if they achieve it and hold them accountable if they don't. But statements like that are too easily forgotten or cleverly swept under the carpet by management when the rubber hits the road.

In fact a number of posters here projected 5-6% month on month growth after the Jan22 results were announced, but most of those have either remained silent on how they feel about today's result, or have conveniently shifted their expectations.