Ann: 2022/23 First Half Results, page-2

In the context of some of the industry pressures, I suppose one could say this wasn't too bad a result (certainly better than the results of some of the other operators in this space).

Despite the cost pressures and the softness in trading trading conditions, management continues to stand by its 18cps-22cps EPS targets by FY2025.

Was a balls-y target before, and it continues to be that.

But even if they only get two-thirds, or three-quarters, of the way there, the stock still looks very cheap.

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