All looked as expected to me. Nothing out of the ordinary, fairly boring but that is a good thing in my view. Will be watching to see the impact recent investments will have on revenue generation. There should be some one offs that were expensed last year that will not show up this year so earnings should benefit from that. There is also the increase in employee costs which is recurring so hopefully this investment pays off. Capex should reduce so free cash flow should be strong. Would expect cash at bank to increase which will make the share price even cheaper on an EV basis.
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