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clock Created with Sketch. 23/02/23
10:16
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Originally posted by Hopeful9:
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'Mr Market' may have expected a reduction of NPAT and other financial metrics given the pressures on milk solids price per kilogram, but whether he foresaw such a dramatic decline will be answered in trading today and tomorrow. He's usually quick to punish bad news and slower to recognise anything positive.
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Interestingly the media release mentions "..expenses to complete SaaS applications.." Did not notice any reference to these expenses in the presentation. Given that the SaaS is completed that expense will not be seen again for a few years (depending on the term of SaaS agreement)
(20min delay)