GAP gale pacific limited

Not flash but looks like the new CEO has rolled out all the bad...

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    Not flash but looks like the new CEO has rolled out all the bad news. Depreciation is up to just under $6m and looks like they've clamped down on credit in EMEA.

    For the poster who discounted the hit from the customer provision and the nature of it I note:
    1. It takes pride of place in the Media Release headline
    2. The presentation itself (slide 10) indicates the provision was taken in the Australian region
    3. The description in the Australian region section of the Release implies strongly that it was foisted upon them (there's no corresponding benefit).

    Logic dictates that in announcing the impact after the half year had concluded and describing it as "unforeseen" they were basically shafted into paying this "incentive".
 
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Last trade - 14.39pm 29/07/2025 (20 minute delay) ?
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