Ann: Appendix 4C Commentary, page-347

It is hard to get my head around the current share price, even looking at it from an Enterprise Value perspective it is undervalued based on some simple ratios. If I was to amend the accounts for a more positive albeit conservative outlook I still come up with late teens / early twenties and if less conservative it floats up in to the mid twenties. Something else is suppressing the share price other than confidence and lack of interest and it is not intentional share price suppression by traders as the trading volumes do not bear that out.

Trust maybe....just plain and simple trust and lack of interest due to the current structure and incumbents is all I can put it down to.

The faster you all get the numbers on board and get the team commit to force change the share price and EV just wont go anywhere.