Ann: AGI Release re 2017 AGM Presentation, page-5

Based on the forecasts from the AGM (see below) the SP for the next year will probably retrace last years movement. Drift steadily down until the second half results released then improve but not as high as previously.

Trading for the first half of FY18 has been adversely affected by regulatory delays in Australia, lower unit sales in Asia compared to pcp and a temporary deterioration in margin in North America based on sales mix changes. Pre-tax profit, excluding foreign exchange impacts, is expected to be down on pcp. However, we confidently expect pre-tax profit for the Group, excluding foreign exchange impacts, to increase in the second half of FY18 compared to pcp. Overall, our profit expectations for the year as a whole remain unchanged given the strong second half outlook.