Hmmm...not looking like a good 1hFY17, though the ann is dressed up with plenty of lip gloss!
Good that the cash is up (inventroy reduction) and net debt is down to $15.4m from $17.87m at June 30.
I'm seeing FY17 eps at between 1.5c and 2c! Current price 10 to 14 times likely earnings is a bit rich. I'll let Brad Dowe mop up anything above 17c! He obviously has more conviction than I.
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- Ann: Trading Update for 6 Months to December 2016
Ann: Trading Update for 6 Months to December 2016, page-2
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