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Ann: FY24 Results Update, page-7

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User2827492

6 Posts.

13/08/24

15:59

Post #: 75187828
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Originally posted by lordguanyu: ↑

Yep the Redfern impairment was a bad miss... sets us up for another net loss.

I'm fine with the ongoing strategy of growing marketshare to get bought, but would be nice to start growing profits along the way to at least get a floor under the share price.

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Agreed, would have been good to have seen it sold for book value at least. Though the impairment isn't too bad, hasn't cost any more cash. Also, they've now removed an unprofitable segment of the business which was likely pushing down group EBITDA.

GDA Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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Ann: FY24 Results Update, page-7

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