Straight down the fairway set of results, in-line with previously announced guidance. No nasty surprises and some cautiously positive greenshoots around early contract wins and integration / synergy extraction with Exetel. Very impressed with Paul Tyler, he brings a steady hand to this business which has been missing previously.
I agree with his comments about FY21 being a "transformational year" for SLC. If SLC can continue to (1) deliver new contract wins, (2) minimise churn from Exetel acquisition and grow combined userbase, and (3) find a way to optimise the extremely under-utilised HK assets then the share price will respond.
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- Ann: FY21 Results Presentation
Ann: FY21 Results Presentation, page-5
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