Great post, David had a hissy fit with interest rates so that is really biting and unless he reduces the dividend payout ratio or does a cap raise that will be hard to resolve.
I agree times will be tougher, perhaps with the cyber business coming online we are a bit more diversified to cover it, and they need to squeeze more synergies from the recent acquisitions
After getting burnt with the final div last year they surely can't make that mistake again that will leave a big dint in management capability to forecast and execute.
Revenues are still improving impressively and if margins improve earnings will flow.
I still think we are on track, 10c a quarter is locked in at a minimum.
Ann: Q1 FY23 Market Update, page-49
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