POC is still the question that I'm left wondering about.
But record low staff/fixed expenses ratio is good in any case.
Probably a bit of receipts got pushed from Mar -> Jun, making the numbers look a bit better this quarter, so we should look at the average of the past 2 quarters.
So a marginal record for: - Staff ratio. & - Receipts. (See red below)
Just a couple of skewed quarters, with marginal improvement in overall numbers. But VET stands out. The marginal improvement is the combination of: 1 weak division, and 1 strong division.
So we're still burning a little cash until: - The weak division stabilises. & - VET continues to improve.
Soon?
RCL Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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