Ann: Half Year Accounts, page-2

So many reports to read lately - only just got to this one and I am again disappointed with the outcome. There are a couple of things which were good to see but were just mediocre but I did say in a previous post that going forward would be a slow grind for MIL - 1. they are at last in positive equity (just) 2. They have actually made a real profit of $1.93m not a virtual one as they did last year due to $26m in Covid jobkeeper payments. 3. their margin is fractionally improving which means they are not competing for cheap contracts. Now for the one thing I do not like - 1. borrowings have increased but do not yet appear to have achieved much - revenue was in fact down a fraction. Still a long way to go IMO. Cannacord need to pull something out of a hat if they are to have any profit from their options.