Head and shoulder breakdown, page-105

shorts are having a field day. Any reason to profit from what should have been more than already priced in. should only be a short-mid term blimp as it typically is until the next poor result captures their attention...

Happy to sit on this and enjoy the yield. where do u get ~6%+ ; 100% franked?

mngt wont twiddle their thumbs for 1.5yrs - theyll be looking at alternatives to achieve their stated >13% ROIC.

also, they stated "Expect net debt to be around $260m at FY19 (subject to any acquisitions)" [pg13 of preso] - hinting at potential additional bolt ons which will have to meet mngts strict >13% ROE hurdle rates (so accretive).

There is clearly plans and strategy in place to grow and reshape the business. happy to be part of the journey and earn a steady income along the way....in the interim, these shorts will continue to squeeze what they will until the strategy is laid bare...

hold faith. DYOR