Ann: Leadership Transition and Trading Update, page-6

Market don't like it, for two reasons.

1. FY net profit might be as low as $75m. That means even at $1.50 they're trading at PE ~13. With costs not looking to change in the next 12-18 months
2. Uncertainty around management

I can potentially see this going lower with market uncertainty, where I'll be waiting. Otherwise, I hope holders see a sharp bounce for their sake.