I would have thought that it's status quo - I see no change, I...

I would have thought that it's status quo - I see no change, I always expected it to drop its rating and to be on negative watch. It doesn't change its cost base and has time to resolve this as its banking review is a few years out as I recall. Not paying a dividend and conserving cash also helps. There was a note that some things are improving so I am not sure what that means - maybe they can afford better coffee in the staff rooms.

This will only turn when they get the metrics all back on track. That means capital if you want a quick fix or a slow grind with cash flow building.

My view is that it may drop a few cents but will settle where we are right now mid-nineties to maybe $1.05 until we have credible info one way or another. I am a buyer if you are right and we get down to the eighties...