Nothing wrong with improving communications with shareholders. Has anyone created an account and fired off some questions? There are certainly some obvious ones to ask.
"Having successfully completeda period of remediation and consolidation ..."
That is an important statement IMO. There should be no more surprise costs, and business should start to recover. MFD runs on a CY accounting cycle, so we're just about to wrap up FY23. As a thought experiment, imagine:
- under-performing centres are sold - one-time expenses are gone and prior revenue/earning trend is back on - dividend is reinstated for YE.
Not saying all that will happen, but it could, and would result in a significant re-rate.
MFD Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held
