seriously poor communication
Lot of weight on the word "possible", but still the "Bravura expects FY21 NPAT to be weighted approximately 80% to the second half of FY21." makes no sense......they made 16m NPAT in 1H19 & 20m NPAT in 1H20 and the 20% they indicating below would represent just 8m in NPAT.
The market will slaughter them if they only make 8m in NPAT for 1H21.....50% reduction on last year.
Capital expenditure etc etc does not factor into this....it's expensed over time and not immediately as this is NPAT and not cashflow.
I think they need to clarify - perhaps will send an email to investor relations
seriously poor communicationLot of weight on the word...
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