Apologies also everyone for the formatting on the original post. I've learned now not to bother cutting and pasting from a Word doc into here.
Looking forward to seeing the quarterly results on Monday. There will be a number of things I'll be interested to see including:
- Operating Cash burn (or surplus) for the quarter.
And the underlying expenses trend with marketing and salaries/admin expenses.
- UK and Spain momentum updates - particularly Spain - something tells me I should be paying more attention to this potential little pocket of growth. To date I have treating it as a bonus.
- How close are they now to profitability?
I wasn't expecting for it for a few years but if they show they are getting there much sooner then it should be warmly received by a market that is now very sensitive to loss makers (but also rewarding those turning this around quick)
- NZ update
2023FY Thoughts, page-4
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