Debt has increased since the first half, but this is largely working capital related. Debt from lease finance & the Meridian aquisition has reduced.
Veecat. You can't use simple maths like that for working out 2nd half profit. 1st half they paid more tax. You need to find out the profit before tax for the year, then subtract profit before tax for the 1st half, then work out profit after tax for the 2nd half, which is what I've done.
Anyway, good luck with your holding. There is a lot of value out there in the market. I just choose to look for less risk & better liquidity at the moment.
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