So... does anyone have any predictions or suspicions they'd like...

So... does anyone have any predictions or suspicions they'd like to share? After reviewing my understanding of the figures I reckon there will be a statutory profit drop from last year caused by the introduction of AASB15 as the company 'brings forward' expenses related to the onboarding of cases. There may be a small write-off in WIP, although I'm not expecting much if anything as I imagine the company took care of most of that in 2016. I expect a moderate increase in cashflow from last year. No write offs related to Sciacca or any other parts of the business. Nothing to report in relation to the CA and nothing negative in relation to financial covenants. The company may even pay down some debt and offer a minimal dividend.

The market tends to react superficially so the SP will probably come under attack again but discerning investors will be presented with a new buying opportunity.


I am 100% guessing and this is all based on my analysis of the company.

Any other thoughts anyone?