So expecting a 100% increase in EBITDA when compared to 2013/14 outcome, but not really saying much about other things.
ECO defines EBITDA as "Cash Operating EBITDA represents earnings before interest, tax, depreciation and amortisation, and excludes non-recurring and non-cash items including NPV adjustments, non-cash share based payments, and restructuring and non-recurring costs"
So after likely more write downs etc in 2014/15 suggests too me shareholders been buttered up for another loss before tax result. Don't expect the share price to move up soon, but possibly at least a move in the right direction if these losses are caused by 'final' one of events, and assuming EBITDA remains good in the first half of 2015/16. Which based on past history of this serial disaster is a big assumption to make at this stage.
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So expecting a 100% increase in EBITDA when compared to 2013/14...
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