Ann: December 2019 Appendix 4D & Financial Report, page-9

What a vicious reaction.
The market has recently been reacting to to financial results in a bizarre & inconsistent manner.
The good bits:
# service division growing at double digits (21%)
# Growth profit margin improved to 49% vs 47%
The bad bits:
# Products division sales contracted by 9%.....This is what upset the market....It is the major growth driver ....or the blue sky.
# No equipment or consumables sales in the Technology division.
# Operating Cash Flow contracted by 62% ( $575Ks vs $1755Ks).....This can be explained by the strong debtor position ( net receivable $4.725m Vs $3.358m......Yet the market likes better working capital management & freeing up cash.
# Dividend stagnant at 0.005.
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Not a pristine result . but I didn't think it justifies 30% drop.