I've been looking at the likely Cashflows for the HY numbers...

I've been looking at the likely Cashflows for the HY numbers coming out next week, and I've realised I got the interest way wrong before - I'll revise my eps guess.

I'll say 9.3c eps: (Guidance of EBIT $45m before Amortisation of Golding Intangibles (-$5m) Interest (-$5m) and No Tax).

@sabine, not sure how much NRW is on the hook for FAL. I took it that the total NRW share of revenue was about $235m originally and I had a wild guess of $80m rev for FY2019. Both could be wrong. NRW own 20% of the JV and they booked a small profit in FY2018 but we'll have to wait and see what happens FY2019 in August to see if their accountants are happy to book another profit I guess. I get the general idea of equity accounting for JVs but I'm a bit in the dark as to how it is flowing through the accounts tbh - in spite of have a few attempts at it!