Following the analyst presentation it is clear that management is acting to rightsize the Group but it is also clear that markets will remain challenging for some time to come. The review of the ECS North American business, expected in early 2016, will set the platform for a leaner Group with less exposure to coal markets. However, uncertainty in end markets remains high in FY16 and FY17, particularly with respect to US and Australian belting, and the oil & gas related areas. We reduce our FY16 ....