The growth in users has been in those not paying if I'm not...

The growth in users has been in those not paying if I'm not mistaken, as the number of subscribers has declined by six per cent.

Overall revenue growth of three per cent doesn't come close to matching Australian CPI of around seven per cent.

Cash flow has improved to return to positivity in the latest quarter, but I am not an accountant.

Not sure what 'Mr Market' will make of this update, as operating conditions (reading between the lines) are challenging.

However AND retains a cash balance and lacks net debt.