Ann: FY22 Appendix 4E Preliminary Final Report, page-61

I very much agree. I think the directors have learned their lessons and will do best to return value to holders by working on the things that they do well and strengthening their position by cutting of the excess. It is their saleability that will be the focus on improving in my
opinion as a TO at a much higher multiple is the best and most realistic outcome in my honest opinion.

I like the recent decisions they’ve made in order to address significant risks, problematic or precarious areas, but I remain cautious of the wider risks out of their control, which applies also to many other similar credit and interest rate exposed risks.

While there are uncertainties and a large level of caution in a very volatile market, I can’t see any TO being made anytime soon. Whether a good thing or a bad thing, at least it allows them to continue the course.

all in my opinion, dyor

Good luck holders.