Quote Originally Posted by Scrunch View Post
Managements current trading / outlook statements are going to be the key bit. The financials cover a period with very different conditions and could be all over the place. The half year period is April 2020 to Sept 2020. We know from the August announcement below that the L4 lockdown had basically taken out a months revenue and after four months there was still a $18.6m year on year decline.

On the 21st Aug MPG provided a 4-month trading update. If not separately advised, it should be possible to tell what sales looked like in Aug/Sep from this announcement.
One key question will be whether the refinanced and reduced debt facilities allow the payment of a dividend at the full year. They had agreed no dividends for FY21 during Covid but since then they’ve repaid $19m of debt and appear to have turned the corner. Debt/ebitda will be under the previous dividend reinstatement target of 1.5x at this half year result.