More I look at their report and presentation, the more rubbish I...

More I look at their report and presentation, the more rubbish I see. Waste of time really barely tells me anything of substance.

Very good at telling Revenue is up 10% and ebitda up 11% yet no reason given why NPAT not moved. Because depreciation is tracking in excess of 3 million for the full year...

finance cost up and tracking at well in excess of 2 million. 

Last year ebitda margin was 9.2%, back down this half to 8.9%. 

Let assume they have a good H2 and full year revenue is 115 million, that 59 million revenue in the 2nd half at a 9% ebitda margin that ebitda of 10.4 million a modest increase of 6% in ebitda.

10.4 less 3 million of D&A and 2 million of finance expense gives npbt of 5.4

5.4 less tax and we're looking at 3.8 million npat.

Well, that a dud full year forecast...

Obviously they haven't got to grips with the cost blow out. They probably should start by focusing on that.