the performance was weak outside of sydney. fund managers want to see returns of the capital invested, not just sydney. the 11MWs wont be repeated in H2. They reported a loss, due to high interest being paid on NOTES 1 &2, wipes out all of EBITDA. The NOTES 1 &2 haven't been fully invested, because of the slow takeup of Non S2/S3 sites. The NOTES 1&2 are remaining as cash on the balance sheet, but in meantime they are paying interest on it at above 6%.
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