Ann: FY21 forecasts, page-158

The majority of the damage was probably done by Merrill Lynch and Regal syndicate. I doubt anybody else/Instos made money from the sell down from $11. The market overreacted on negative sentiment but the trust is lost for the time being. The CEO said they’re being transparent and update the market for what it is. Hope they have thrown all the dirty laundry out and with that a true bottom to this stock. Next Investor session on 13/05 will be interesting to see if they’re prepared to throw out some details of new contracts and customers. By the sounds of the CEO , they are very positive on the new signings. I think this will be key to restore confidence for the time being. Don’t think the current downgrade will matter in a year or two’s time. It’s good to see the Australian government is on board of their software. A big fish in a small pond indeed.