Well, it doesn't make for pretty reading but from what I can...

Well, it doesn't make for pretty reading but from what I can tell it is in line with expectations and is already factored into the shareprice.

We were told a few months back to expect a loss after tax for the half year of between $9-13M. We were then told about the impairment charge of $6-8M.

Todays number at $19.6M, whilst at the upper end, is within expectations.

The question is whether to be believe management when they tell us about strong growth forecasts.

Worth a punt I reckon.