Ann: Investor Presentation for FY18 Full Year Results, page-65

Yes you are right but there was an overreaction in the market about it today over FY19 consolidation.

If you use discounted free cash flow method to value this share (assuming $18m free cash flow for next year and then only 5% growth on free cash flow on FY18 there on), using the discount rate of 10% and long term growth rate of 3%, the valuation comes to $2.70.

Now that I am home and digested the reports, it is a cool buy right now, will top up tomorrow if still available under 85c mark.