Here's my perspective FWIW. Results were very average but more...

Here's my perspective FWIW. Results were very average but more or less expected. Write downs to clear the slate for incoming CEO Alison Watkins. Challenges are a mature Australian grocery market with a vicious competitor... even with a monopoly brand, can't afford to charge double Pepsi. SPC Ardmona is/was a disaster. The Australian consumer is becoming more health conscious.Some of these problems are not simply passing....

Excluding write-downs, underlying profit puts the co on a PE of around 17, not 20+ as some are claiming. I'm willing to put my faith in Watkins and the brand, great track record. Not buying but not selling either.