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There was nothing in the FY16 or 1H16 reports that indicated...

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madamswer

17,021 Posts.

8451

02/03/17

11:14

Post #: 23039147
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Originally posted by steve4377 ↑

Yeah madam, but it's easy to be an armchair critic when you haven't got your hard earned in there.
Totally different when you have skin in the game. There was nothing in the FY16 or 1H16 reports that indicated this mess was coming. Indeed there had been no increase in debt even until this report and then suddenly it's a $60mil blowout. This report reads as a disjointed document that vaguely attempts to allude that this end result was following a pattern. The prior reports show a company on track, within budget, driving value and absorbing add-ons and resolving budgetary issues. This report is a dogs breakfast of excuses with a 'there's a pipeline of opportunities that may fix the mess' attitude. It was not unreasonable to expect a bright future from those prior reports. This is anything but. It will perhaps take 2 years to get this back onto a share price growth trajectory IMO. Best wishes to all.

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There was nothing in the FY16 or 1H16 reports that indicated this mess was coming.

@steve4377

Except that there was.
And, indeed, there was a deal of animated discussion and debate about it at the time:

https://hotcopper.com.au/threads/an...2836734/page-53?post_id=18541661#.WLdhqG996Uk

https://hotcopper.com.au/threads/an...2836734/page-82?post_id=18551691#.WLditW996Uk

The rest of you post I agree with wholeheartedly.

Last edited by madamswer: 02/03/17

SPO Price at posting: 81.5¢ Sentiment: None Disclosure: Not Held
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