Ann: Change of Director's Interest Notice, page-9

FY17, annualised EBITDA, $24m.
- Existing business: $7m
- GH was about $14.5m,
- Watermark: $2.5m

Today's updated earnings guide: $18m - $22m; compared last year's $24m, it's down 9 - 25%.
But share price has been down from $3.5 to currently $1.14; at least from $2 to $1.14.
Net debt was $11m as at 30 June 2017;
Unused bank facilities $15m.
Current ratio 1.4

It's overdone, imo.