TJ IFRS NPAT only down because accounting standards dictate the melb villages will have had to have had their valuations updated and due to change in valuations over there it skews that figure. Cashflows are all up and RYM profits are always bigger in the 2nd half.
take a look at the other numbers 97% occupancy
Beagle I think your previous buy price you gave of $11.50 was much more astute