I wouldn't say excellent, but it's a comfort that operations are not going backwards anymore. Based on that EBITDA my guess is that's a run rate of about 22m NPAT per year. Remember, that's about 45% of the FY17 underlying result (excluding vendor payment) of about A50m NPAT. A very long way to go, however it looks like we are going to avoid yet another write down.
In terms of the review, I thought the arbitration was holding that up, but no, it's 'shareholder matters'.
Ann: March Quarter 2019 Trading Update, page-3
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