Thanks for that.
Where did you get the 20.5M number from? The presentation today stated “PCSIL 1H24 underlying EBITDA of $8.5m with cash burn of ~$3.2m.” on page 5 of the presentation. The only other mention of 20m was the cash burn for FY24 to wind down PSCIL.
Looking at older presentations they earned 30m in underlying EBITDA in FY 19 with less than 5m in interest revenue. The core biz looks like it has substantially deteriorated?
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- Ann: H1FY24 Investor Presentation
Ann: H1FY24 Investor Presentation, page-28
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