I would imagine the gross profit margin would take a bigger hit...

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Just_a_guy

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21/01/21

19:04

Post #: 50352879
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Originally posted by optimistus: ↑

Interesting, the improvement seems largely due to the 21.6% reduction in Operating Costs.

Are you of the opinion that the reduction in costs was due a greater proportion of these fixed costs being offshore?

My take was simply that 7.7% of that was due to government assistance and the remaining 13.9% due to other (also probably temporary) cost saving measures such as salary reductions.

How is it evident that they now have a significant proportion of their fixed cost base domiciled offshore? If you're referring to the currency movements sentence I thought that might be just a nice way of drawing attention away from the government assistance. Maybe it worked.

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I would imagine the gross profit margin would take a bigger hit is all their costs were in aus.

surprisingly robust result even allowing for the fiscal support in q1.

considering they will be cycling terrible comps next half, I think the outlook is reasonable and at the current multiple is still decent value.

SDI Price at posting: 80.0¢ Sentiment: Buy Disclosure: Held
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I would imagine the gross profit margin would take a bigger hit...

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I would imagine the gross profit margin would take a bigger hit...

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