Ann: Retention of Laundries business-SPO.AX, page-6

I'm with s_sood15 and showmethe$$$. With the laundries integration now fixed, FY17 should bounce back strongly. Note that the Feb 16 media announcement referred to underlying results up strongly, so this should definitely auger well for this FY. Share price is all about the next FY, not the past problems.

My expectation for FY17 is an NPAT approaching $150M, which puts it on a forward P/E of 8.3. If SPO does operate as expected at the float, the P/E should gradually recover to double this over the next couple of years. Dividends should also recover, and franking should also start in FY17.

All my opinion only.