That was one of my main concerns as well, but the outlook is looking better there. My new concern is the outstanding customer debts, which management have highlighted as an area that requires close attention. I know the aged care enterprises have been under considerable pressure, particularly in VIC, which could make up some of the overdue accounts. The federal government has just recently announced extra financial help there though. Given the headwinds facing many companies in the current environment it's not a surprise, but will $940k be enough? Good to see management giving the issue close attention.
PGC Price at posting:
20.5¢ Sentiment: None Disclosure: Held
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