Originally Posted by
TheHunter
Probably true, but also highly likely to be a response to their statement in their last presentation around over resourcing in FY17:
"Activity levels todate have been below our expectations and as we had resourced the business accordingly there will bea need to adapt and pursue efficiency initiatives through the second half of the year".
FY18 guidance still above FY17 so can expect 11cps, good opportunity in FY19 for this to increase as a result of "significant" improvements as a result of FY18 capex. Current divi also expected to be retained for foreseeable future so def a lot of positives in there given current SP.
As per goodwill - non-cash and is all made up anyway... But i doubt with the above points we will see any impairment.