I think the issue is that management expect the SP to increase on the back of these Capricorn node type announcements/ potential revenue streams. Its very clear the market wants actual revenue in the 4Cs to increase significantly & therefor close the gap to CF+ before the SP will re-rate accordingly. I think most know exactly what services SPX provides, however that doesn't translate into revenue for sometime down the line. FY24 is really only the start of the exponential increase in revenue.
Ann: Investor Presentation, page-87
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