Ann: FY19 Guidance and Outlook, page-6

I am not quite sure what to make of this..... the profit is down, but lots of potential to turn that around in 2020. More talk about cutting capex, have to see if that eventuates. Possibly the most concerning was the rise in debt. That was supposed to be turned around by June but it hasn’t.

At these prices I think it is value and I liked the hint of a dividend and the buy back. All depends on whether they can actually deliver on promises in 2020.