Ann: FY13 Interim Results Presentation , page-5

OK asg has admitted they were to ambitious with their cloud acquisitions plus a couple of million wasted chasing 100m plus contracts.

So they have a write down of 15m plus ,but they suggest an underlying net profit of 6.6m.

Is anyone capable of calculating whether this an actual operating profit and not one of those legal accountancy figures made up from some other figures as i would have thought debt should be under 30m after 1H trading.

If it is due to normal business revenue figures don't look that bad when compared to others eg okn etc even smx was so so.

PS noted asg say their partners are oracle,sap and microsoft?

If above is correct vultures would have to be circling but way less then 1.03,maybe 65,75,85.