Ann: 2023 AGM Presentation, page-2

From 'AFR' re 2024 prospects, this is one analyst's view:

"...RBC Capital Markets’ Karen Jorritsma, meanwhile, expected more M&A to sweeten valuations after a flurry of deals hit the ASX at the end of 2023.
“It certainly feels like the market is going to see deal flow start up again,” Ms Jorritsma said.

“I suspect we will see more equity raising in the small and mid-caps because gearing has changed materially with the interest expense moving up. We’ll be through the worst of the macro (impacts) of 2023, and we can finally go back to the fundamentals of bottom-up stock picking,” the RBC head of equities said..."