Oh that table was put together for the purpose of answering that...

Oh that table was put together for the purpose of answering that post... though I've obviously looked at the stock from many angles. I'm now somewhat over exposed to this stock having averaged down after the write-offs so have a vested interest in getting to the bottom of the thing. Judging from his previous posts I'm not fortunate enough to have an average entry price as low as Croatian's and I also have significantly more invested from a dollar value perspective.

I agree with his post that the long game is way more important than any individual half year report however I don't see any indication that we should be concerned.

Long term I'm somewhat worried about the creeping debt. There's also a chicken and egg scenario that funding growth through acquisition is reliant on a recovery of the share price and recovery of the shareprice may require a demonstration of growth. Therefore there's a temptation for the company to fund both acquisitions and dividends through debt. That's playing with fire if it becomes a long term habit.

As I've said in previous posts for long term stability of the company (and my long term investment) rather than paying dividends I would prefer that they retained earnings to pay down debt and fund value accretive acquisitions.... though many other investors don't see things this way and a dividend may be required to see a shareprice recovery.