I would also note the following comment from the chair's speech...

I would also note the following comment from the chair's speech from the AGM (emphasis mine): "The majority of extraordinary costs associated with these changes were taken into account in the last financial year, however there will be further one-off costs in this current financial year as a result of this review." This fits with your comments around first half breakeven.

I think the first half is about confirming the operational and financial progress. My guess is FY20 H1 will significantly improve on (the horrible) FY19 H1 but may disappoint relative to FY19 H2; whereas FY20 H2 may surprise on the upside with the one-off costs done and the acquisition and alliance providing upside.