Key highlights

• New 3-year bank facility with NAB
  • New covenants support future growth, acquisition opportunities and dividends*
  • Annual savings of $575k per annum
• Improved operating performance
  • EBITDA in Q3 of $6.4m
  • FY21 YTD EBITDA up 79% to $21.2m

***

Has been on my watchlist but high debt has been (and remains) an issue.  There's nothing in this announcement that would encourage me to invest either.  I don't think a company in their position should be looking at either M&A or dividend payments.  Maybe look at share buybacks but better yet, retire some of that debt.  The trading update is ok but nothing spectacular either.

[Not held]