Bell Potter are forecasting 26.7cs EPS FY19 and have a price...

Bell Potter are forecasting 26.7cs EPS FY19 and have a price target of $4.75(seems a little conservative to me).
They highlight the performance of Fraser Island and noted that January 2019 was a record month and also the reduced tax benefit(50% less than 2018) which management say is ongoing for future years.
My take is that Captain Cook Cruises was the disappointing result, contributing only .7m EBITDA from 26.4m of revenue in the first half and it wasn't much better in FY2018. This may be helped by the maturity of the Barangaroo and WA ferry services in coming years and obviously improved cost controls.
Crookers