Their NPAT has been absolutely creamed for the first half of 08/09 down to approx $6.5m. compared to a total 07/08 NPAT of $27.63m. You need to look at their margins too and even perhaps compare them to UXC. The outlook is expected to be much worse in the second half of 08/09. IT investment is declining fast.
Major "strategic review" to be announced IMO. What that will mean is anyone's guess but IMO, they'll have to majorly reduce their workforce and tighten the ship. They also have debt - an ugly word so she is IMO no gimmee or no brainer.
Their NPAT has been absolutely creamed for the first half of...
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