Ann: 1-Page Quarterly Commentary and Appendix 4C - 31 Jan 2016, page-34

PS - something I have noticed over the years (this works with the big and small end of town)

With cashflow reports and half yearlies - when the report is good, in the first few sentences you will see clear quantifiable statements - always - revenue up 50%, net profit up, 40% ROE increase, $100 mill debt paid down etc. - always always always

When the report is not good, you get pages of waffle about everything that has happened operationally - and then the quantifiable facts tucked away at the end

And if you are left scratching your head wondering where is the money - that is usually because there is a question as to where is the money

Don't believe me - go look at a report for the top coys that spit out cash with low or no debt like CSL, REA, CRZ, DMP etc.

Watch for that, it could save you a lot of money