Ann: Appendix 4C - quarterly-SBB.AX, page-5

That's interesting because their balance sheet as at 30 June 16 didn't have debt. If they made net repayments of debt presumably they omitted to record debt on their balance sheet?

I agree that they ought to provide some commentary around their big items and explain why they had negative CFO, CFI and CFF, particularly negative CFO. If they can't operate at a positive CFO after past investments such as their 'renovations' they might be better off wrapping up the company and handing back whatever cash they actually have back to shareholders. That's what a sensible board would do to unlock value.

If they believe the business' best days are ahead of them they better try to explain how that's the case or they will be lucky to get back and stay in the 2c range long term.