pattersons initial research, page-14

Our SP is looking good, so this may be largely irrelevant now, but just to close off on this point, I received the following response to me email:

"Thank you for your feedback. It seems I have not correctly accounted for the franking credit in my valuation, but I don't believe this affects the overall value proposition".

I presume he means "this does not affect the proposition that EXS is value at the current price" as opposed to "this does not affect the valuation".

Good to see them acknowledge this point though as they can communicate the value correctly to clients going forward.

Thanks for your chart on the other thread Jako. Big TU from me as always.