Ann: 2023 Half-Year Results Presentation, page-25

"yes. I do think $2 is definitely not a hard to achieve target which is why I bought in big into this company. The earnings multiple need to grow as well as the earnings itself will grow"

For the multiple to expand fully to where it should reasonably be, is going to require the balance sheet to de-gear some.

Presumably that will be allowed to happen organically (it's a highly cash-generative business model, meaning its balance sheet can repair itself reasonably quickly), or by the sale of assets/business units which are idling.

As opposed to via recourse to shareholders (although, given the nature and structure of the shareholder base, combined with the current market value of the company, I'd say the odds of that happening are very slim).

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