So apparently they have increased their margin from 17.8 to 18.1%. With the 0.3% being picked up from "COGS". I think their timeline is a little conservative and also could have been amended, given they went from 25 to 50 strata lots under management in a quarter, milestone 2 could very well be hit by end of December quarter this year - 9 months ahead of their timeline. Everything on that side of the ledger is on track at the moment. What's not on track is the indicative timeline they provided for the acquisition, we should have had a prospectus for the CR by now? Interesting that they have bumped the CR to 6 million now, but glad that there was no overall increase in planned dilution as they reduced the number of perfomance shares. Consolidation on a 1 for 2 basis may catch some people out so will look to pick up a bargain when that happens!
So apparently they have increased their margin from 17.8 to...
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