A good result under the circumstances
The Australian government is much more supportive than the NZ government
They have recommenced buying centres in Australia.
I would see a continual sell down of NZ centres. Maybe they will eventually divest all the NZ centres and use the capital in Australia.
Directors and related parties have a huge stake. Chris Scott has a great track record having built up and sold the biggest ECE company in Australia.
This is a turnaround story like SKT and STU which I've done well on by buying when all was gloom and misery.
Great buying opportunity while negativity persists in NZ.