Ann: Trading Halt, page-23

I thought the update was pretty lackluster as far as detail. Something a bit more substantial than the previously known guidance would have been more assuring. Further, reading some of the key risks at the end of the presentation, there's a fairly stark reminder there about the impairment risks and lack of provisioning for any CA award/settlement that remains. I maintain my original, underwhelmed sentiment when I first heard the news we would raise cash to pay down debt - I always prefer this is done from a sustainable base of operating cashflow, and with H2 expected to be superior, I'd have imagined the cash on hand would be sufficient to do such and still facilitate growth. I'll wait til the last minute to decide whether to participate or not.