Ann: Revised 2019 earnings guidance, page-18

one of the largest building booms in Oz's history .......

so perhaps another 12-18 months before "rock bottom"........

inc in gas costs.

the +ve's:

extremely strong domestic market share
relatively unstressed bal sheet


the -ve's
inc in costs, implies margin pressures to continue
cut the divvy - expecting further weakness in dom demand
as Madamanswer pointed out - fixed cost buss .......

what can be ripped out of the cost base ?

low $3's is where my interest is piked !

rgds
V_H