Valuation not demanding now given underlying EBITDA of business excluding Rivers.
Market appears to have a bone to pick over continuing losses of Rivers.
You get get the sense that bull spun at time it was acquired, including ongoing hemorrhageing, route cause of current predicament, along with lack of visibility over COGS as hedges roll off regarding AUD decline.
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- Deserving punishment over Rivers dog
Deserving punishment over Rivers dog
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