Ann: FY17 Half Year Investor Presentation, page-39

interesting abit of a difference between highest and lowest of the reports $1.05 to $1.15 to $1.28.

Anyway on another point - and please anyone correct me if I am wrong, but it seems to me to be the general consensus on here that the AUS retail business is at its cap and margins are declining probably with competition or for other reasons. I am not sure their additional services business really is going to do too much in that realm either.

However, it would appear from what I have read, everyones or most everyone, is that USA is where the growth and hopefully increase in share price will come from. Does anyone know if their market/system/retail industry etc is similar or widely different from AUS. Obviously its a much much bigger market than AUS and I suspect the players dwarf the likes of ORG and AGL etc. So would appreciate anyones thoughts on that as what EPW has said so far confuses a little bit, except I understand its a way bigger market.

I suppose both short term and long term there are impacts. Short term - well we have the Trump what appears to be circus and whilst its only been 6 weeks since he actually got in the seat, do you think he will actually deliver on his promises and if so, when, and what impact will that have on the electricity retail industry, if any, and therefore on EPW's growth and profitability over there.

Long term well that is a bit harder but I ask the question every month I see extreme weather events happening over there, more so than in AUS, like tornados, snow blizzards, flooding, fires, earthquakes whatever, it seems they are prone to more volatile weather events then we are - or maybe its just the media that portrays that. If they are more volatile - does that bode good or bad for EPW over there... As I know in AUS when there is really volatlile stuff the electricity price goes up to like $13 or $14000, instead of like $80 or $90 and I suppose if your not hedged you can take a haircut very quickly like some of the smaller retail players who went out of business a while ago. But just wondering if anyone had any idea of over there, or if maybe someone has investments in electricity businesses over there that may shed some light.

Any thoughts - and please correct me if I am wrong in that the general consensus isn't that USA is where the future lies.