Ann: FY24 Appendix 4E and Annual Report, page-6

To pull such a stunt as to have $30M profit in the headline but no mention of the loss to equity holders of $87M only much later.
In fact it didn't dawn on me until I read the full report. Just shows you how they try to gloss over the negatives in the presentation and highlight the positives. The question I ask myself, especially when they are extremely vague, if at all providing any guidance, is how much more is being hidden from me.
I think Ray van Hulst has a hell of a job to turn this company around. Saker, seemed to be too full of himself, shooting for the moon and now Hulst as to sort the mess out, in my opinion. The largish addition debt which costs 7% + BBSW is certainly on the high end and he does mention that he will try to refinance at more favourable rates. If that is not possible or this company slides further, I would expect a capital raising which would cause the share price to fall even further.
I'm out on this one, I took a substantial loss, as I won't be strung along any further. The bright spark who took this company from a balance sheet manager to a fund manager should be tarred and feathered. This company is certainly not investment grade. Bye Bye.