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Ann: Appendix 4D Half Year Report for period ending 31 Dec 2020, page-2

  1. 16,660 Posts.
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    Hopefully, at some point over the next 5 years, EAS will post a set of accounts which reflect the business operating at some semblance of steady state, so that those who don't have post-graduate qualifications in forensic accounting can decipher the underlying financial performance of the company.

    I spent half an hour or so trying to unscramble this result and gave up.

    My unscientific conclusion is that the financial accounts I was seeing "feel" to me like they belong to a company which has scope to be a lot larger than EAS's current ~$40m.

    Nothing more sophisticated than that.

    My waters are telling me that I should be buying more of EAS shares after the HUB proportional bid period lapses, rather than selling a third of my holdings to HUB.

    .
 
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