I have a feeling that GL gave them all a bit of a scare when he spoke of achieving a RRR of $180M. Since then, they have been referring to $150M, which in itself is terrific. But the $180M has not been mentioned for some time.
Maybe there's been a decision to be a bit more careful around RRR ambitions and achievements. My suspicion is that FY22 revenue will be much more than $180M,
Regarding revenue, I'd appreciate a simple explanation of why $96.7M is being shown as Turnover, and the $67.4M as Statutory Revenue. What exactly is the $29.3M difference - is it revenue or not? And is this a one-off, or are we going to have to deal with these differences forever? I'm sure there's nothing sinister in all this, but if I find it confusing, others might be in the same boat as me - for instance, I think the recent analysis by Shaws stated the $67.4 as the revenue, and then during the CR, Shaws used $96.7M.
TNT Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
