The half yearly will have the large one off penalty expense from retiring the debt facility (funded by the cap raise) so the profit number will not be great but hopefully the market will understand it. This will be partially offset by the reduced interest cost of not carrying that facility for 6 months. Given the cash injection in July and the recent qtly advising, the cash holdings are looking Ok Then we have the reduced margin which was just announced in the quarterly with the $5 million broker miss. Interest rate cuts should improve margins, which partially negates the miss but lets not look at any positives (haha) these are in train. Exchange rates will be a factor but that depends where the majority of expenses are being incurred. I would suggest US is where the $ spend is occurring, so maybe a mute point.
Not really a sky is falling scenario, but there could be something from left field that is being glossed over.
ZIP Price at posting:
$2.23 Sentiment: Hold Disclosure: Held
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