I'm not sure how to take today's announcement and I don't think...

I'm not sure how to take today's announcement and I don't think the market is either dropped as low as 49 cents today and then fully recovered.

$131 million write down is not good but npat up 29% from previous period sounds very good - but not sure of details with this - were there some one off factors? If this kind of npat is sustainable over a full year looking at a PE of around 8 or 9 by my calcs.

I continue to hold for now but not with a huge amount of confidence.