Like some previous posters, I was concerned with the tax ratio of nearly 50% of profit before tax.
The only explanation in the report was "other non-allowable items".
I was in contact with the company for an explanation.
Apparently it was to do with the Odyssey transaction and the allocation of EBT shares as part of that deal, therefore a one off rather than something that would have an ongoing impact on EBT's profit.
The rest of the report was nothing but good news with an increase in gross margins a pleasant surprise.
Guidance for the following year would have been a bonus.
Interesting to see if anyone has the conviction to take out the 1m shares on offer at 6c.
ITQ Price at posting:
87.0¢ Sentiment: Buy Disclosure: Held