"FY18 EBITDA, excluding non-recurring items, is expected to be slightly better than the prior year. However, the Directors are reviewing the carrying value of assets on the Balance Sheet which may lead to one off revisions."
This is pretty much the only statement that stood out to me. Considering Net Operating flow last year was -$5M... I don't see this one being much better. For those interested the March 4C advised current YTD flow was already -$4.7M.
The last 4C advised expected outflows this quarter would be just above $5M, which would mean, if that hasn't changed, YOW may actually be getting close to break even for the Quarter.
At this stage I'll wait a little longer. Will be interested to see what they include as their guidance for next year.
Ann: Fourth Quarter Update, page-2
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