No dividend this time which is the right decision.
"The Company’s internal forecasts for FY2025 estimate a range of EBITDA of between
USD$6.0 million and USD$8.0 million"
and
"Michael McConnell, Adacel’s Chairman, stated, 'While we are disappointed that the planned
revenues and EBITDA for FY2024 have been delayed, we are encouraged with the contract wins
and anticipated wins in excess of $100 million over the last 9 months'".
Appears the contract are in place with the revenue yet to be realised. Might be a top up opportunity here.
Ann: Appendix 4D and Half Year Report for period ended 31 Dec 23, page-7
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