Yes thanks. There's a time to be brave, (factors affecting last half's result in November 2018 appeared to be quite clearly one-off events at the time), but there's a time to accept that the underlying fundamental's have deteriorated materially. My view is $4.50 today, (excluding regulatory risk) is where the share price needs to be to reflect today's underlying business performance that would make it the same value as $5.20 a year ago. Then we need to factor in the unknown extra regulatory risk and how you do that at this point is anyone's guess.
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