The Ambulance Chasers Are Coming?, page-7

For reference, the following is from FY16 AGM slides, it outlines the basis of underlying EBITDA, there is a more details regarding revenue D&A, synergies, expected CAPEX, and the reasons they expected H2 would be better than H1;

Its clearly a ridiculous claim that  there was 'no basis' for the original guidance, there is 4 slides of it.

There should be legal consequences for Slater & Gorden in making such baseless claims.

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Currently expect FY17 Underlying EBITDA to be in the range $430m to $450m. Assumes:

• No material change in the business environment in Australia or New Zealand over the course of FY17
• An additional investment in sales, marketing and provisioning in the Corporate & Wholesale of ~$4-5m
• An eight month underlying EBITDA contribution from Nextgen Networks in the order of ~$41m(2)
• Upfront costs associated with the migration of existing subscribers to NBN ~$3.5m in opex in FY17
• Impact of high margin fibre build contract in the Corporate & Wholesale business not being rolled forward from FY16 of ~$14m
• The achievement of certain acquisition synergy run rates by the end of FY17 of ~$57m