Ann: Appendix 4E & Annual Report to Shareholders, page-7

Just unbelievable. The gaslighting starts on line one:

"Financial year FY24 will appear to be an inflection point in the journey of Spectur Limited, only visible in hindsight"

So the inflection point that never arrives actually did arrive, only it was invisible! You're all just too stupid to see it! Bravo.

Importantly, there were many lessons in FY24:

"The Company also learned much about government tendering and what it takes to win."

The translation, for anyone wondering, is that Spectur lost several government tenders. One wonders whether Spectur could possibly hire someone who doesn't have to learn about government tenders while being paid over half a million dollars...

Then, repeated for emphasis:

"The inflection point of profitability is behind Spectur"

So comforting. I genuinely thought Spectur was continuing to lose money.




And then, finally, just to really emphasise his disdain for shareholders, GD forecasts revenue growth of 25-45% in FY25.

In. What. Universe.

My prediction is he will resign this year. He knows it and doesn't care. He shouldn't be given that opportunity. He should be sacked ASAP for this utterly abysmal performance.