It's one of their most important announcements in recent times,...

It's one of their most important announcements in recent times, as it confirms:

(i) they are getting completely out of Light Commercial;
(ii) the losses from their "Back Book" are much worse than was expected at the time of the recent Chairman's Address;
(iii) they have formally committed to shrinking the relative size of GoGetta, concentrating on the well-performing Hospitality both locally and internationally, and only those lines in GoGetta that are causing them fewest headaches ('going deep');

I'm expecting a follow-up announcement before the H1 18 result, stating arrears recovery, asset recovery/writedowns and costs of outsourcing will heavily downgrade H1 and FY earnings estimates.

All this has set the company back a few years. However, this is already reflected in the $5 drop in shareprice over that period. The next two months should be a great opportunity to top-up holdings in what will be a tidied-up and even more fantastic business.