RDG 0.00% 2.2¢ resource development group limited

31 Dec 16 - Half year report, page-11

  1. 3,249 Posts.
    lightbulb Created with Sketch. 23
    Wow, now that is a huge drop in revenue and corresponding profit. I did not expect a profit <$1m.

    I also note cash went backwards from June 16. I haven't read further but I hope they have addressed future revenue because the main issue here doesn't seem to be profitability of work to date, but the lack of work to even make a profit off!

    I guess there won't be a need to rush out and load up until clear signs of cash and profit generation increasing. The previous trajectories indicated it was worth waiting for a re-rate , but currently on thin wire to me.
 
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