this is getting ridiculous, page-11

I disagree Charlie, it is quite clear as announced in June that the additional NPAT because of the one-off IRU contracts will amount to $3.5m in FY10. The following is key from the June announcement:

"For the following year (FY2011) and on the basis of normalised expected monthly recurring revenue only, excluding the contribution of any further capacity sales on PPC-1, the Directors expect the international business to have revenue of approximately $24M, and NPAT of $3M."

Do you really not expect them to make any new capacity sales on PPC-1 in FY10? Also, the domestic business will continue to grow. I fully expect PWK can make up the one off revenue (amounting to $10m) in FY11 via organic growth alone.










Management being confident of early commencement of additional new recurring
revenue streams for PPC-1 of approx $1m per annum (FY10 impact: $0.5M)