With top line revenue flat they'll need to cut beyond $5 million...

With top line revenue flat they'll need to cut beyond $5 million to $7 million from operating activities before comfortably becoming CFP...that may or may not be achieved, but the issue is the flat top line revenue...they need more revenue. The boards focus should be on cost cutting but equally making more money too. I'd much prefer the company become CFP due to making more money that cutting costs. Their two explanations for increasing revenue is US fixed odds (well that's going to take some time) and initiatives around the global tote business in ways to attract digital bookmakers back into their tote products.

I'm much happier with the change of culture that Matt Davey has established, the company seems to be now heading in a betr direction! This is simply going to take time, and certainly the macroeconomic situation doesn't help ...but if the company does well the share price will too. Long term holder. Cheers all