Ann: 2018 first half financial year results - investor briefing, page-128

You’ve been spot on with this one, but at this point the value of their customer base which is growing is certainly worth something significant. (Especially if you take the extra 6mil that was flagged as kosher). I’m not sure how to work this out, but given the cross sell ‘opportunity’ I would think the value now is reasonable. Sentiment may get worse first so I wouldn’t be surprised to see a further drop but I can’t say it’s a sell anymore.