Still looking into this report.... but here's some "hot takes" so far:
Negatives:
* Income statement is substantially worse than last year when adjusting for the good will write-off... to the extent this matters
* 30% increase in cash finance costs
Other than that looks broadly positive... Positives:
* if you look at the ratio of current WIP to non-current WIP theres a strong move towards current (realisable within the year). For the most part this is positive.
* Debt is still climbing but at a lower rate than in the past years
*Operating cashflow is climbing
*acquisition costs and deferred payments to acquired businesses are way down. .. at this point i think thats a good thing.
SHJ Price at posting:
98.0¢ Sentiment: Hold Disclosure: Held
