I guess the difference in profit numbers is a result of the $1m writedown on sales as at 30 June? - it sounds like the $1m is being recovered in Q1, but no doubt they will count it in next years record profit!
The options issue was a stuff-up. All underwriting agreements have 'outs' - I guess the broker took advantage of a less financially savvy company.
This funding saga is dragging on forever. At this rate they will fund it from operating earnings. Waiting until December will not help the share price - prospective investors must assume the worst.
HMC Price at posting:
3.4¢ Sentiment: LT Buy Disclosure: Held
