Just had a chance to read through the QuarterlyA few points of...

Just had a chance to read through the Quarterly

A few points of note:

1. Strange they didn't continue with giving an explanation/summary for staff cost/administration cost like they did last Quarter
2. In the last quarterly it did say Administration cost was expected to trend down from 2.1 million but it has remained the same this time. Hope it's due to the final tranche payment for LSS and will be a lot lower going forth
3. Revenue up 10% which is in line with expectations, staff costs about the same so that is good
4. Looks like this is first time income tax was paid by iCandy of $640K. Would like to know if that was tax payment for FY 21/22 or if it is calculated on the profit for this Quarterly (I think likely the former).

If you add the 640K to the bottom line of $455K, then that gives about 1.1 million/quarter which is pretty good.

Hope to see a bit of a re-rate in the next few months

I still think MG is at least 9-12 months away from full release