I think you need to take the blinkers off. Z1P announced a comparatively better result than APT today and look at the share price. APT operating loss of $66 million. This was a massive miss and is a worry from a business perspective. The growth arguments are wearing thin and will not carry with the professional market at this stage.
Wish I had better access to the street, be interesting how the zero-coupon convertible notes (well above present price) are received after these results. We are in a world of stupid debt pricing thanks to idiot central banks, but these figures would cause the debt markets concerns.
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- Ann: H1 FY21 Results Presentation
Ann: H1 FY21 Results Presentation, page-73
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