Maybe 50% revenue reductions but the Jobkeeper subsidies mean their wage costs are also down. Also other costs are down because of lower attendance. Do not know how they claim 70% revenue reduction when the Govt is paying 50% of their normal revenue. Also do not think CQE should be underwriting any of the profit margin of the lessees.
CQE Price at posting:
$2.37 Sentiment: Buy Disclosure: Held
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