I would say its flat at first glance, with plenty of...

I would say its flat at first glance, with plenty of conservatism built in for the full year. I could be wrong, as what @@Kewbrick9 has proven.

- The latest interim results unfortunately would have been better had Omicron not affected the December shopping season. Maybe this will improve next year and the years ahead

- Shine lawyers: $10m lawsuit? Even CBI and Morans cannot agree the severity of the matter. You dont go to market announcing every damn letter you receive from CBI. I reckon such quantum is there to scare the lawyers off. I would not think Shine lawyers would put $10m of their partnership capital to fight a lawsuit on a "no success, no fee" basis. If they ain't backing off, they must have received some damning piece of evidence proving guilt beyond reasonable doubt. If so, put up the security.

- Rising interest rates will benefit EML from bottom line. This is not make-believe. This is what is expected to happen with a very high likelihood for the next couple of years. Current assumption clearly states they are basing it off February 2022 rates as basis. Upside?

- CBI restrictions, I think this is a little light on the update here. Just maybe, Tom is keeping it in his back pocket for Q&A later?

- I am waiting to hear how Nuapay will significantly add value. But at this SP, its writing off Nuapay (entirely) and PFS (substantially).