Ann: Investor Presentation - 1H16 results, page-7

Will have to dig around deeper tonight but on the top line I'm estimating organic growth of about 8.27%.

Bottom line looks disappointing and likely negative based on what I can see, but it is a bit harder to figure out given the numerous different methods that BGL seem to use to measure profit.

Market reaction today is to shoot first and ask questions later.

Initial thoughts are that we need to see the FY result before any meaningful conclusions can be drawn, however that has been the go-to-line for BGL for about 3 years now. I guess that's the problem with constant acquisition and integration occurring. Market clearly getting sick of it and wants to see some rewards flowing through.