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clock Created with Sketch. 06/04/18
10:12
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Originally posted by RBradley1980
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I think you may be right, the company is now engaged in massive big bath accounting to front load as much pain as possible this year which will likely make FY19 and FY20 sing in comparison. $130M in increased provisioning and impairments to create a massive statutory loss from an underlying profit. Same with cash flow, they have increased working capital and inventory to reduce the cash flow to almost nothing.
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From this ultra low-point the only direction can be up. Over the next months and years. A leaner and trimmer beast.
