I think there was some disappointment that the statutory profit...

I think there was some disappointment that the statutory profit wasn't better due to forex loss and the decision to delay the re-commencement of a dividend. Its real estate .. this isn't something that can be turned around overnight ..

Im sure that loss took some of the gloss off the sale of the kiwi assets but its relatively minor compared to recent writedowns and with property valuations firming you would have to think there is some good news down the road .. and the concerns about a firesale 12-24 months ago seems all but gone and that has been reflected in the recent share price. Still a bit of a complex read but getting better!