Net debt has blown out from 790 mil to 848 since FY 16 report....

Net debt has blown out from 790 mil to 848 since FY 16 report. (see Page 11 of the 1H17 Results Presentation).

That is very bad for any company at the top end of it's allowed borrowings. That is not under control IMO. Using debt to run the company augurs very poorly.

This result should have showed a slow reducing pattern of debt as all the new additions started to pull their weight.

There is only 170 mil left on the credit card! A company of this size can chew through that in no time.

Debt control should already have been in place and effective.