Exactly pebble
Management have focussed on useless numbers that have not correlation to the actual results and have hid behind these figures in all their communications to shareholders. Surely they can come out and quantify the exact hit from Adelaide to the P&L so investors can take a view as to the profitability of the underlying business model
my concern now is that they have inflated asset values and capitalised costs to make earnings look better than they actually are.
Ann: Investor presentation updated for 31 August announcement, page-8
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