Nearly a new high ($3.13): are we still for sale?, page-21

The main thing I am looking for is that they plan to work over the NVN portfolio to increase the earnings per share...when we compare the FDC and NVN values on this, we can see that this is where the value should be unlocked. The question is WHY was NVN earnings per share so much lower than FDC?

quote from letter to security holders 24/6
"- increased earnings via delivery of cost savings from synergies and lower funding costs, and
-medium to longer term benefits as we proactively manage, reposition and redevelop our portfolio."