They basically said the market had got it wrong and not realised that it had income and expenses that where skewed which made the first half look better and the second half look poorer. eg cash flow...
Large contracts towards the end of the financial year meant there was a working capital drag of approximately $2.45 million. There was also $0.7 million of goods that were pre-ordered for work that will be completed in FY15.
Eureka puts a 46c valuation on it
AZV Price at posting:
43.5¢ Sentiment: Hold Disclosure: Held