How does it matter if someone is based in eastern Sydney or Heaven.
I compare with BIG for following reason because APT announcement is similar to BIG.
In Today announcement there is no detail about revenue , profit or impairment.
Last Year they had huge impairment reason being they loan out without proper credit check.
They didn't make a single dollar last year in Australia .They had a loss of 10 million
The SP can even go to $50 remember how much high the SP of 1PG and BIG reached. Surfstich was another business I remember
There emphasis is on scaling up the business . How can they scale up the business when it not making money in Australia.
See screenshot below.
