Ann: Australian Business Outlook Affirmed and US Outlook Updated, page-16

Mickk - thanks. That's a recent video right?

I really liked the part when he was talking about having no baseload generation (unlike competitors) and hence this aligned ERM better, with consumers. Makes sense - a higher electricity price isn't necessarily what ERM are shooting for (unlike competitors) - it's more about their margins.

Re: the ASX announcement - well obviously disappointing, but there're still green shoots. ERM was obviously too ambitious in their US forecasting - but adapting to another country is not straightforward and it will take time, to bed down. No reason to sell IMO, if one has a long term perspective.