Ann: Investor briefing - Full year results to 30 June 2018, page-14

NEA has always been a strange one when it comes to SP movements. This latest wobble like a lot of the previous ones does not make a lot of sense. It's as if it has a lot of semi financially literate or very impatient (or excessively greedy) investors who are quick to drop their bundle and sell if the latest news does not surprise on the upside.

On the other hand the company appears to be well and conservatively run using cash flow to continue to expand in the huge US market. It seems to me to be a model easy to understand.