re: mcg more than just watchlist imo Well great reply and well...

re: mcg more than just watchlist imo Well great reply and well backed up.

Firstly of the three or so words you wrote lose is spelt with just on "o".

Funny that the ppl who cant spell the word usually are those who know it the most.

And secondly as to the fact of losing money i think you may need to recheck your figures--

Revenue of $70.3m was broadly in line with expectations
EBITDA of $37.5m was 3.6% above expectations at a margin of 53.3%. The higher margin is due to new more favourable electricity contracts and lower administration expenses than originally forecast.
Operational cashflow (before CAPEX) of $35.5m was 3.4% of ahead of expectations. This is due to the better than expected EBITDA result and lower interest costs.
To date, Broadcast Australia have not used any of their $175m CAPEX facility for the rollout of digital broadcasting. This has been due in part to the better performance of the company on the operational cashflow level. But also is due to the timing of digital rollout, improved payment terms for digital equipment and a lower cost of equipment than originally forecast. We expect that on a forward looking basis that the rollout of digital broadcasting will be cheaper than once thought - ultimately flowing through to the bottom line and our valuation.