business update to asx today, page-2

IMO down she'll go.

What is most disappointing is how late in the piece management decided to inform the market.

For example $5m of redundancy costs were incurred in Q2 as the business "right sized". Thus management knew market conditions were soft and revenues were declining.

The fact that the market update has only been provided now in late July does not provide confidence of a wholly transparent company.

(Well done Mike et al for calling this correctly).

Cheers
John