FY17 EBITDA of $48.4m is broadly in line with my expectations (7 May 2017: a few million more than $45m; source: https://hotcopper.com.au/posts/24525816/single) and is consistent with their 16 May 2017 guidance of over $46.5m. Partial contributions from DCMA (source: https://hotcopper.com.au/posts/21499829/single) and TechSafe in FY17H2 means we should see some growth in FY18H1 compared to FY17H2.
I don't recall results webcasts in the past, so yesterday might be a first for them. Interestingly there weren't any institutions or brokers on the call or, if they were, they didn't have any questions. At the same time, those that turned up in person seemed to ask better and more informed questions than professionals on other webcasts.
Ann: Service Stream FY2017 Appendix 4G, page-8
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