Ann: Guidance Update FY19, page-3

An extraordinary first up reaction! All the company has done is push back projected FY19 NPAT into the FY20 year. Reason" "due to delays with planning authorities in Victoria".

Yes, we have a softening real estate market...but sectors within that market will get hit harder than others. The VLW segment will fare better than others. Given that sales are virtually locked in for FY19 and FY20 we are talking about FY18 eps of around 34c and around 31c for FY19.

I bought more at $2.17 and will be content with the strong dividend stream. It knocks the tripe out of the current interest deposit rates!