Ann: Quarterly Update and Appendix 4C, page-8

The level of disclosure is insufficient.
I suggest management explain how the 70% of their business (ANZ) is anywhere near profitability when the whole business is chewing up $30M per quarter.
It's all fanciful tripe.

No one believes a word in these announcements and the numbers chop and change. 2.9% NTM for the half on 12 Jan was actually 2.4% for the quarter on 25 Jan.

I think people have woken up to the incompetence and are shorting this until the business folds. 16.5 quarters of >$530M in funding (totally misleading).

They need to increase facilities in Australia or do a CR very soon. They are chewing through cash at a rate of knots and have told the market they have a higher cost base with interest costs on the rise. Add around $10M per annum and then watch the profit in Australia eventuate. These guys are complete jokers.