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Ann: Appendix 4E & 2023 Annual Report, page-29

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    Thanks Primer. My initial comments were carefully considered. I note I got quite a few upvotes so I am happy about that. I get some do t like it.

    There was no good news but no more terrible news. $200m npat at 15 times so 3 billion.. I do wonder what deeper analysis will say. I did mine in 20 minutes and it was not pretty. It is hard to see emerging profit or value growth. The growth in platform profit is from the guarantee/hedging. The bank lost out. The advice business still sucks. China ain’t making them rich.

    but diversity and culture is great!

 
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