Great analogy to monarchic politics! As a CAT shareholder for several years I've been feeling like one of the serfs toiling in the (sports) field, being ground down by the onerous demands of a succession of nobles. But perhaps if our monarch can be victorious we serfs will get a slice of the spoils. Still, I suspect a lot of serfs have thought something similar over the past thousand years...
By the way, which castle is that? Is it Austrian? I feel like I've seen it before.
Speaking of executive departures, i see Catapult's CFO Hayden Stockdale (whom we spoke with earlier this year) is stepping down.
ASX announcement here.
Ostensibly because they feel it better to have a US-based CFO and presumably Hayden didn't want to move. For what little it counts, the statement made it seem like a cordial affair; there will be a transition period, complimentary statements were provided by all involved, the new guy seems well credentialed etc. Which, I suppose, is better than an abrupt end with little explanation and without anyone else lined up.
Still, as others have said, it's not generally something you like to see.,
Worth noting, by staying until the end of May, Hayden will see 72204 performance shares vest. But i'm sure that had nothing to do with selecting his last day.. ;)
@Strawman surely you back out the aquisition cost in the PCP for FCF calculation? So PCP FCF is -$2.88 MUSD vs -$13.35 MUSD for current period.
Huge 25% increase is cash payments compared to only ~10% increase in cash receipts. Due to redundancy payments perhaps (too early for that?) or just massive staff increases over the period? Which they're now having to wind back.
@jayjayjayjay it looks like some front running of the 1H FY23 results which were released after market close, which is not a good look.