Ann: Australian Market Update, page-84

Thanks Investing101. That was the missing link for me.

Holy Cow! $3.19m in share based expense.

Therefore could assume (dangerously) that it is non recurring and that $3m for the half will not replicate in the second half. In my analysis that means fixed costs are $6m less for a full year than what I previously had and starts to make a prosperous outlook (subject to sales growth) much more feasible. Appreciate the feedback.