The COGS is more or less 82%, I hope we can agree on that. The company has stated this previously. Therefore any income received has a relatively fixed cost. For instance $1mil of receipts costs $820k to generate those receipts. This cost is unavoidable (eg network charges, cost of electricity, capital conversion, environmental). So on receipts of $26mil costs are relatively fixed at $21.3mil.
I fail to see where the 2.5mil savings per quarter are. Although you are going off 4C where you do not see matched sales and costs for those sales and I am more talking P&L which you will see in the FY and half yearly.
All good, appreciate your perspective and your input on this forum but maybe just agree to disagree on this one .
LPE Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
.
(20min delay)
