Ann: Tempo Acquires National Maintenance Contractor KP Electric, page-12

As an investor I am disgusted that there has been absolutely no guidance on the results over the last 6 months!!!!

How about a heads up like hey people our revenues have all but disappeared.....This bears no resemblance even to the Euroz report.. the company has a responsibility to the market to correct any publications/reports and the like that are out there such as broker reports which investors rely upon...

Revenue from continuing operations Down 89% from $55,218,049 to $6,065,582
Profit after income tax Down 100% from $3,735,861 to $255.

What I find even more astounding is that Revenue of $6,065,582 is made up of:
Sales to customers $4,719,055 (all of Cable logic)
Other $ 1,346,527
given that $1.3 is 21% of the overall revenue they would give an explanation.... here you go, I will give one....

a load of provisions have been released (as per the last report)... 2.6M worth... so in essence- the business actually lost $2.6M for the half..... (basically profits from previous years held back and released for a rainy day such as this one)....

The release of provisions masks the true operating result......

If the burn of $2.6M continues for the second half, then the KP electrical will only bring the business to break even!!!!

I have to ask the question- what has the CEO delivered? With KP electrical I hope they didn't buy revenue and a load of surprises!!!

Begs the question of the ASX and if they really enforce the rules such as continuous disclosure...

Looks like the company is now an electrical one and taking on the likes of SCEE (who I also hold shares in)....

hmmm interesting..

Also, looking back through the posts- the KP acquisition was posted on HC before it happened, lower sales on HC before any guidance given?

No need to panic as at least there is heaps of cash in the bank.. .lets hope Euroz do another report- we wont get any info out of this lot..

Please please can we at least get a dividend!!!!!