Agreed.
I thought the result was better than first impressions and the market reaction so far.
They are coming out of COVID-19 with enough cash, a larger order book and an acquisition (and completed a small restructure post NBN). Given the off the cliff drop in revenue in FY20 H2 and then FY21 H1, I was expecting them to come out of this worse.
Of course, I'd say that with my rose tinted glasses.
Ann: Investor Presentation - Half Year Results, page-4
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