What was his last post on 14/8?
'Heading lower against previous lows, should be single digits in the coming weeks when they report poor results.'
As we now see, quite the opposite.
The results do include the $100k government COVID handout.
'Margins and profit were helped across the business in the second half with our consultants and sales teams unable
to travel. The additional costs incurred in moving to remote working were less than the savings in travel costs. While
travel restrictions are still in place, particularly in Australia and North America, we will benefit financially.
Cost measures we implemented in March saved the business $0.3 million in the 4th quarter. These cost measures
included the salary reductions for directors and senior management.'
So $400k + savings in travel costs due to COVID. Strip these out and the results are less impressive but still good.
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