Few worrying signs now that I’ve had the chance to review. EBITDA adjustments to get to underlying look like they could be recurring, always seem to be redundancies and I assume they will continue to invest in digital. Looks like FY19 was inflated with $800k of back adjustments. New accounting change pumped profit $1m too. $1m of intangible Capex....not sure why they would have that $7.5m of impairment....not great either $22m of debt is now current.... net current assets went backwards wonder how bank is feeling.
RXP Price at posting:
42.5¢ Sentiment: Sell Disclosure: Not Held
