Hamish is right future NPAT will be greater.
But take a read of page 13 under restructure partnership benefits.
All I read there was costs going here, costs going there and corporate debt facilities.
Taking that in view I am quite confident with the model I work with NPAT will be the lowest in three years in FY21. But will bounce back strongly FY22. Think it will be a good entry level in latter part of the year but see no reason to risk as its cost base is a 2H headwind.. and not the biggest fan of when costs are rising in any company. FY22 guidance is of more interest to me now. I may get it wrong and I may get it right but in terms of risk management I believe I made the right move. I hope it hits $60 soon and I get it wrong.
MFG Price at posting:
$45.32 Sentiment: None Disclosure: Not Held
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