No wonder they have delayed the refinance, obvious much harder with anyone looking at those numbers.
Pretty ugly looking at the PCP for
1. Admin
2. Consultants
3. Employees benefits
which are ALL UP on a massive revenue drop.
Bad look, and they may not be able to turn this around with the cash remaining.
The D & A were even tiny compared to PCP.
Ann: Appendix 4D and Half Year Report, page-18
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