Agree. on the bright side LS financial is strong. Also ICI is flexible in spending, i.e. able to cut expenses when cash inflow is weak.
Combining both LS and ICI would put this entity with positive EPS, although the valuation would be pretty high. Wont take ICI much to bring the valuation to a reasonable ratio with just a successful game tho.
Anyway another day another 4C.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-8
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