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Ann: Pioneer appoints CIO to lead transformational change, page-5

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    lightbulb Created with Sketch. 72
    There's a copy on fnarena and I flipped through.

    The issue I have right off the bat with the DCF is they've used Operating Cashflow before PDP investments as "free cashflow". It's like if you took Operating Cashflow excluding purchase of inventory for JB Hifi and called it free cashflow.

    It's wrong.
    Last edited by tomhagen: 13/07/23
 
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