That's a hell of a lot to digest.
2016/17 is a write-off, but they are pretty much going to get away with it I think. If anyone can understand the gobbledygook about the contracts, then you are doing better than me. They should have mentioned how much this new contract is worth.
This reminds me so much of a couple of other companies where the founder ends up taking over the helm and actually did turn it around. Can Mr Shrimpton do it?!
The ex-woolies bloke could be a goer as CFO, but know little about him.
Leaving the VET business, as painful as it is, is really in the best interests of the coy. Yearly contracts is just rediculous. The govt must be kidding themselves. Putting in tender applications each year is insanely labour intensive.
On a bright note......labor hire seems to be going well. At least one bright spot!
Thoughts all?
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