Ann: Appendix 4D & Half Year Financial Report, page-31

Either way you look at it it is a solid business a d one of healthiest ASX company..I get frustration with SP..it will raise ..it has to...

i am excited, why ..next 12months:

1. Taking away small ups and downs , wheels did not fall off - in fact we reduced debt to lowest level company Ever had...in 6 months it will be under 100mln which is just 6 months of Earnings...Prudent - yes...

2. Digital growing and soon over 50% of Ebita and growing 35% yoy

3. Signed 3 long term contracts - AFL, Cricet ,NBC Universal...

4. Goverment will legislate this year to the benefit of Austrlian conte t creators..we will see some upside there..30 to 40mln to Ebita..

5. They put their focus in Real Estate venture...and ANZ invested in it 50ml this year...

6. We will be making over 14c per share and able to pay dividends min 7c fully franked..

Either way you look at it it is a solid over 320Ebitda , business with no debt ( in 2023)..

Number 1 .arjet position.

Market will catch up with it...this $2bln company...

7 to 10x on NPAT..