ST1 3.85% 5.4¢ spirit technology solutions ltd

News: ST1 Spirit Technology Solutions Posts Loss For Year Attributable A$11.4 Million, page-2

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    "Board continues to acknowledge that the financial performance at a group and individual segment level remains
    challenging and requires a significant uplift to meet expectations."
    The above quote is taken from the accounts and IMO is probably the most profound statement I could find within the document. My assessment is that they made an accounting loss of $11m + and the restructuring costs and the writeoffs of reassessment of what appears to be intangibles was about $11m+. That is break even. Not much else I can say really other than I hope the new direction under Julian into services and away from infrastructure pays off otherwise we are cactus. The few pips up as I post seem to indicate the market expects a turnaround so @jravanti you have failed to push it down by nature of your entry and I know that you will be just as pleased as I am.
 
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