Ann: Q2 FY2024 Trading Update, page-2

right at the bottom range of guidance

hard to see how they get to 36m for FY24 given only 14m in 1H24......another 22m to go:
- Access seems like a hope for dormakaba to restock (and even 1Q24 was only ~3m on a new product)
- Illuminate seems to be ~3m for each 6 mths

So even if we assume the above generates ~5m for 2H, we need another $17m from detect and that seems like a pretty huge mountain to climb.......some hard questions need to be asked of mgmt at the 1H24 results including around their quite ludicrous capital mgmt /dividend policy......i.e. you cannot pay dividends if you don't generate profits AND cashflow