I was disappointed by yesterdays results and by the market reaction I was not alone. The company have indicated that they would show a profit at the end of the year. fail. They said they would focus on increasing revenue. ebitda and revenue did not increase in this half. fail. Mr Hurley said he was "pretty pumped". Bizarre. It is hard to have confidence when they dont meet their own targets and are not forthcoming regarding next years profit/ distribution forecasts. Maybe they are expecting a takeover - bring it on.
This result is history. Hopefully the market is now working in our favour and management are "pumped" enough to do what it takes to restore shareholder value.
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