Ann: Appendix 4E and Preliminary Final Report, page-41

your observations Macda are plausible. My sense of a 5.0c sp this quarter is only a doubling of the present 2.6c and has regard to the recent uptrend, the previous ~10 fold higher sp in past years, developments in the businesses and changes in execs over the last 2 years , including and the resolve of the new Board (and major shareholders leverage) to achieve profitability which I take to be FY ending 30/6/2024 if not soon thereafter.

The sp in 1st quarter 2022 was 5.0c after trending down from the previous year >10.0. We’re likely in a sweet spot now through the present renaissance for this hitherto laggard. I’m optimistic, all things considered and the reputation risk for the incumbents of under achieving against their forecasts.