Ann: Appendix 4C - quarterly, page-4

Am pleased that they provided some further information around the latest 4C, but found it really hard to know what to make of that update?

For a start - the announcement was titled incorrectly, and it appears that Sw1 continues to make these very basic mistakes in their reporting. Claude Walker has been scathing about this in the past - and I can certainly see just how unprofessional it looks.

The positives I took were:

Some further information about the extra $1.0m in "one off costs" that Sw1 incurred in the April to June 2020 quarter.
That mining deals were cranking along
and that SW1 are now saying that the Medical Media business is now profitable?

The negatives were for me:

Pippa had previously announced the $8.0m in annual costs savings that they had ripped out of the business - but they now appear to be "back tracking" from that statement? They are now saying they had to reinstate some of these costs due to a couple of contract wins (didn't say how many costs were reinstaed) - so where does that leave SW1's cash flow going forward? Pippa's announcement about the $8.0m in annual savings was a major reason I put a stack more money into this stock.
At the moment, aged care centres are really hard to get access to.