It seems we are making too much of just one number in the report - $24 million. We will have to wait until next month for a full report and a break down of the figures. Staff and development costs have impacted the figure and some of this will be a one time expenditure as they develop and implement new technology etc. Also we can expect commentary on how the year is progressing and the trends they are seeing. It would be foolish to base an investment decision on one figure and certainly to try and establish fair value at present would be imprudent.
It seems we are making too much of just one number in the report...
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