Ann: Business Update presentation, page-5

My belated (and heavily devalued by inflation) 2 cents worth is that everything is going well - forecast is for growth in both revenue and EBITDA in the current financial year even with the $2 million in annual cost savings only kicking in for part of the current financial year.

The possibility of the sale of a business unit could provide a catalyst if the price is right. One lingering concern would be the need to apportion the ongoing corporate overheads over the remaining business units.

The things I didn't like about the update was the way they avoided talking about cash flow or NPAT. If they want to get more potential investors on board, these are critical drivers of value.