In a few words. When the merger was first announced the gap...

In a few words. When the merger was first announced the gap between the SPs was more- the merger has had the effect of increasing OSH more than STO. At one stage punters were paying too much for OSH based on an erroneous headline.

So, roughly, expect 3.78 if STO stays at 6.03 but then add on thereafter. Something like that. STO appears to be cheap.

Then rebalancing positives down the track... no, getting ahead of ourselves...

All good