Reading between the lines the first half may not be great. My reasons:
- no comments on first quarter sales but second quarter 4C only had receipts of $6m so possibly low sales or worse bad debts from prior year
- comments on stock build up indicating lower sales than expected and/or possibly higher costs
But as previously stated, the announcements on future sales seems positive and the positive cash flow helps but would very much like to see the first half results before I'm fully committed. Any comments on the outlook would also be handy.
Reading between the lines the first half may not be great. My...
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