Ann: Quarterly Business Update FY 2020 Q3, page-5

Yes Infinity09 I tend to agree - nothing showing that QFE is shooting the lights out; I guess most remaining holders would have set expectations low given recent performance.

Like you said Covid situation yet to be fully played out but I’m a little more optimistic and again caveat that old Bruce and the US team continue to push hard and get results. The analogy I use here is Australian traditional retail - in recent years it has been flat going in decline, but that hasn’t stopped the percentage share of the total spend migrating to online growing (bigger slice of tea smaller pie) and now self isolation driving online buying to become the norm after Covid-19 is over. One example would be TPW in the furniture space (look at their 3 year chart). Obviously not apples to apples comparison but you get my point.

Again tailwinds may be there but it depends on the people who can execute.