My goodness, Morrison better be ready for some tough questions at this mornings teleconference. Plenty of issue to explain away. Negative cash from operations - WIP and unbilled disbursements grow 9.67% in 6 months to a record, staggering, unbelievable $479m!!!! A cut in the dividend rate was predictable and surely the Final must be under threat of a haircut, as well.
Then there is the unresolved, 'sweep it under the carpet' issue of serial pest "Michael West".
Ann: FY23 Half Year Results Investor Presentation, page-7
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