Like I said previously, this will be largely a sideways year for...

Like I said previously, this will be largely a sideways year for ZEN in 2019. Personally, I don't see too much of a problem with this report. As rightly mentioned above, Our primary concerns shouldn't be around how/why the EPS dipped this year, but rather what 2020 and beyond will look like for ZEN. This is definitely a long term play, and based on how little cash they have vs. current liabilities, I'd say paying a 1c dividend would be unwise at present.

As Dan said above, do you believe in the long term story? Considering how many BOO wins they've had recently, I do, but we will be ~66c for the duration of 2019 because they won't see any EPS/EBITDA benefit from their recent wins until H2 2020.