I can't say I've gone through the full result but what a gem we have here. So they're moving excess stock from EMEA to flog in US and AU, having to pay excess duty and writing down a chunk, have I got this right?
And they've reduced inventory by $32.7m through sales and another $19.6m through write downs including moving it around?
Just as well the inventory reduction is "progressing well" then I guess.
But not a speculative investment at all.
Ann: 1H FY23 Results Presentation, page-2
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