Ann: Isentia H1 FY19 Results and Strategy Presentation, page-68

There we go. I said holding this leading into the result was risky given the track record. It appears to be a value trap. There's a reason it's being snubbed by the market and trading on a relatively small multiple.

There were a few on here predicting the share price to go to 50c purely by meeting guidance. I could have told you they were going to meet guidance. They re-affirmed it relatively recently. The issue is it's a company with a lot of challenges ahead. Anyone in media monitoring will know that margins will continue to be squeezed given the competitive environment they are now in.

That $40m debt is going to be an annoying pimple for many many years to come and remind the company of its past mistakes.