Unrelated, I struggle to understand about this stock is why management still use pre-AASB16 EBITDA as a key financial metric. AASB16 was implemented almost 5 years ago.
I appreciate they might want to avoid coming across as a bit spivvy, given pre-AASB16 treatment under-states EBITDA , but I really think it is time to now move on and either change to post-AASB16 EBITDA.
Or better still, use EBIT, which captures the lease depreciation, as the key metric.
MEA Price at posting:
45.0¢ Sentiment: None Disclosure: Held
