Thanks, I'll take a critical analysis over a overwhelmingly positive one anyday and sorry to cross promote, I am interested in BUD and the IOT smart city space.
The write down in 2016 was -$20m goodwill. Led streetlight rollout is happening across Australia with only ~20% currently switched to LED, so revenue has been growing from the rollout of that, they are also expanding into light maintenance to grow revenue. The reason I'm excited is because they are rolling out smart city software and smart lights that councils and overseas markets are taking up which should lead to growing revenue. Agree salaries are way to high, and there other issues in a similar vain to what you mentioned.
Once again thanks for taking the time to provide a differing perspective. It's like listening to crickets in the forum over there.
BUD Price at posting:
7.9¢ Sentiment: Buy Disclosure: Not Held
