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Originally Posted by sb9
Not a bad result considering the industry they operate in, that cap raise towards end of last year was good coincidence and at premium price too.
Agree with the last part - best timed capital raise in recent history, a BIG advantage for them right now.
But I'm not sure it would have been a great result anyway, even if Covid hadn't happened. If you add back the March month revenue to pre-Covid levels, you don't get a wonderful revenue growth figure for the year...certainly below my forecast expectations.
Ironically, Covid could be the 'saving grace' for them long term...it will have disrupted everyone, and they now have a great cash position thanks to that capital raise to manage their way through as competitors (potentially) fall by the wayside.
My 2 cents only of course.
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