I was going to write a post, but you've covered off on most of the things I was going to discuss.
I do believe management could potentially message better, but am overall pleased with the quarterly, and more specifically the presentation.
I've done a lot of DD, and it's good to hear management now telling a story consistent with what I've found over the years.
At some point the market will realise its value, but given how tightly held the business is, coupled with minimal coverage it could still be a bumpy ride for shareholders while the market finally starts to price in the upside more appropriately.
Another way to slice the numbers is to say for H1 FY23/24, revenue already equates to 89% of the whole of FY22/23...
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- Ann: Investor Presentation - Quarterly Results
Ann: Investor Presentation - Quarterly Results, page-21
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