>The revenue has to be spread over the entire length of the contract
That does not quite tie in with the statement on page 7:
"The business will continue to show stronger calendar year second halves until global diversification is realised."
Either they are spreading out their revenue across the year, or they are stronger in some periods than others. They can not have it both ways.
Personally I took the statement on page 7 to be one preparing the market for a lousy Q1 for next FY. With the water plant up-front payment receding into history it is clearly getting harder to cherry pick statistics to make things look good. Full 12 month, year on year comparisons are all they have left. I am sure everyone has noticed that they have also stopped breaking out the SSI revenue in their reports. Have they recruited a Chief Spin Officer?
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