It is worth recognising that SP consensus of $18.00 reflects results that have broadly been delivered, perhaps on the soft side. Certainly, when SP was $12.50 a few days ago market was at a discount to consensus earnings and future growth. Personally, I was hoping for a surpise to upside, but happy with what has been delivered and happy to hold. Might expect the SP run-up of the last few days to unwind a bit today, but expect continued SP recovery over the coming weeks and months.
Ann: Appendix 4D and Interim Financial Report, page-36
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