Ann: CAT H1 FY19 Results Presentation, page-78

RWC1 - I admire the optimism and endless defence - we need more like you! I may invoke a degree of scepticism too much

Yes, Catapult has said that about lost deals, which is strange as I thought most bigger deals were "closed tenders"- so a bold call me thinks?

"Catapults R&D is self-funded" - by the A$130m+ of shareholders capital which with 2017&18 trading losses [~A$30m] which if I read H1 correctly now = ~$27m cash at bank?

A line to remember - "Any CEO will spin a good story......" -- and some more than others!

"Vector is far more superior" - to what? I thought it was a combination of their PlayerTEK [not their top end S5] & Clearsky [their little discussed LPS] IP? So why not S5 and which clients are now using it [ not seen any announcements] for you to know its superiority [ again to what? ] - or have you seen test results, and have they received the required certifications to "go to market" [ I play in this game so know the problems ] -- Shareholders must be hoping this is not another Clearsky with much hype at launch and long lead time to revenues.

I hear there are several independent comparatives - ask Catapult for them! They may show whether the top-end sales are really just as you say - price based. Catapult may be the market leaders by many criteria, but they are still unprofitable and sadly are being challenged by many of late!

And silly me - I thought a good balance sheet was one typically accompanied by a positive NPAT! - maybe soon?