Significant rerate coming?

When the banks sign off

And the OPEX cuts are announced the share price will bounce spectacularly. There is a hell of a lot of fat to cut from PSD without affecting revenues. $90m on advertising in one half is an extraordinary amount given the pressure on the company. This needs to be cut in half if the NIHL money does not flow soon.

NIHL is not yet mature and will come through his half and next being a significant tailwind

Overall market is looking better too so there are bargain hunters with cash to spend

If you can tune out the crap media and other sources of negative sentiment you will do well