Ann: Q1 FY24 Market Update, page-24

I was not happy with the result either. I recently bought with my calculations resulting in approx 15% return per year with revenue growing at the current pace incl divedends.

I will be watching closely now as I as well do not like the way they went about announcing the results. To me this is a red flag, and is quite shocking from management to do this.

if they were to announce the quarterly in a better way then one could forgive them for a negative quarter. To me it isn’t so much the result that’s disappointing, it’s the way they went about presenting it.

Looking back at last years quarterly I do not see anything written about the growth in revenue being attributed to clearing an order backlog yet they are using it as an excuse now. Another red flag.

I think it’s a solid business and one bad quarter is not such a big deal. So for me I will be watching closely, may have another nibble, would I buy in now if I already hadn’t? No. The red flags would out way the potential growth.