The results really show what a poisonous acquisition PPI turned out to be. The covenants look OK ATM based on previous guidance. If they didn't refute the guidance then it would be very disappointing if it doesn't still stand IMO. I get the feeling that they left it out to avoid supporting the SP for whatever reason, as it is the easiest line to include, and they would know the market would want it re-affirmed, even if ST conditions.
Ann: Cardno 2016 Half Year Results Presentation, page-3
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