I think the rerate will come when/if the company can show that it can actually be sustainably EBITDA+. And to do that they need to cut costs.
I would love to see a break down of costs for staff/admin/offices etc. Surely they can quite easily cut this further.
The real question is. Is FLC an avenue for the likes of Henry and Ron to use other peoples money to build there ideal product without the need to make a profit or do they actually want to build and run a successful/profitable company.
Ann: Appendix 4C - quarterly, page-80
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