Posted on the wrong heading before but my take is
Behind all the fluff. the performance remains the same in that:-
- cash from operations is insufficient to meet interest etc (only breakeven from operations);
- yet more write off of intangibles (Cafe2U this time) of $7m;
- not recovering funds from goods sold to franchisees; and, now
- cost controls non existent.
My forecast recovery in the FY 2025 now back another 12 months to FY 2026.This is from just a quick look.
Ann: FY23 Results Presentation, page-9
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