Ann: Market update, page-28

I think they should sort out their sh1t first before looking at acquisitions or will acquisitions strategy gloss over the internal issues? Either way agree there were signs that all was not well. Still you expect better from management. I'm like a few on here, have been watching the stock for awhile reading, studying and doing research. One thing that stopped me buying was lack of growth in FY16 in their forecasts when they released their FY15 results. The price was too much then and I thought I would need to wait to closer to $4 to justify an entry price. Then when the sell off appeared dropping the share price close to $4 it made me go into wait mode to see what's up. Even though the share price recovered very well and I thought I missed out, history now shows that I was right to be cautious on valuation grounds. The unexpected downgrade (some would argue that it was expected) has redrawn the value proposition It also now has put a focus on management. So my personal opinion, there has to be some sort of discount before I get in which means looking at this again below $3.50 at the very least.