ellaishani I have to agree with your comment re a second half loss (and a full year loss) The press release says the only new income to be recognised in the second half will be about $1.7mio. Add to this likely income from recurring mainentance of about $4.5mio and you have income of around $6.2mio. Operating costs will be around $8-$9mio. Leaving a second half loss of $2-$3mio. The need for the new issue is now very clear. ITE holders will need to be patient for a bit long yet.
ITE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held