Ann: Half Yearly Report and Accounts, page-14

Yeah, this share reminds me of the multi-level marketing seminars of the past. Lots of high fives and positivity as the growth rolls out, but when you look under the bonnet there ain't much left for the poor old shareholder. When you talk about growth numbers into the giddy billions and billions, yet the six monthly NPAT is just $2m, somebody is been "smooched".

By the time you take out share based paymnents and the like I cannot see any more than a 2c eps for FY18 and particularly so when you unwind the huge number of options presently in the money. Pay around $1.80 to earn a miserly 2c...no thanks! Even at $1.40 its expensive.

Sure I get it that the growth engine is building and that has been the message from the pulpit for a number a half-yearlies, but when does the rubber hit the road?