Ann: FY2023 Annual Report Appendix 4E, page-15

i think the update was fine, i particularly like the comment they are looking to diversify into systems and even mining technology. We should remember defence has state of the art technology

I also think with management changes and the transition year they will have this is the ideal time for PE to strike. A recent discussion with an analyst covering the stock said there where 3 interested bidders, I seriously date one or all of them aren't still looking . The SP fell from 2.20 to 1.85 a few days after media reports that PE had walked away. However as with Estia the media if often used by smart money to spread false rumours. The AFR said PE had walked away from Estia and the SP dropped on big volume. a few weeks later PE where back with a revised higher offer