Expecting less Capex around $40m but $75m over three years then back to $2m in 2024
Operating margins from 31.5% to 26.5% Company has already announced at recent Trading Update Operating Margins will be 26% - so what if they were overly bearish or bullish .. I have marked it at 26.5%.. once you get those margin and revenue guidance the rest just flows. FY22 will be much better but still slightly behind FY 20.... its cost curve has gone hyperbolic..., staff, admin, marketing "investments" which are outside Capex. If you see FY20 report they have spiked 30-45% dont want to see another crazy move like that again and if the figures are maintained it's still quite high with forecasted flattish revenue.
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