Shocking result and the headlines are misleading. There has been no Revenue growth, the core business has gone backwards when you factor out the 2 acquisitions made. The profit has gone even further backwards when you factor what the acquisitions were suppose to contribute in the H1. There is something fundamentally damaged at the core. Not sure how they will pay the $3.5m current liability when they generate no cash. Tough times ahead. Management not experienced at operating in the listed environment.....good luck raising the capital.
CNW Price at posting:
1.7¢ Sentiment: Sell Disclosure: Not Held