Ann: 2016 AGM CEO Presentation-BPF.AX, page-4

BPF reminds me of RXP some 2 years ago. It went hard with acquisitions, but the bottom line went missing. 2.5 years later it has sorted out its acquisitions and aligned the business to a nice profitable company. BPF is at the same point. Once it sorts out personnel, synergies, contracts, it should shine like RXP. Just needs time to put it all together.