@volcanochemicalShould note that ~12m of that EBIT is Jobkeeper...

@volcanochemical
Should note that ~12m of that EBIT is Jobkeeper which to me translates to ~5c (so normalised EPS for 1H is closer to 6).

If we take that normalised revenue then it would seem that the price should be closer to $1.20.

If they can get SHAW EBIT positive in FY2021 (or guide that in Feb when they provide 1H results), then we potentially have a rerate given they will have a growing business. Yet to be proven that they can do this and this business can be profitable & scale.