Ann: Change in substantial holding , page-3

This will be a most intriguing yearly report. Somebody including and possibly only pie funds has been chasing them up. When you look at the pie buys compared to turnover a lot of it has bee pie buying and they have been happy to chase it up.

They must see real value in it as mike normally makes the right buys so he must be very happy with what he has learned in conversations with management and seeing in the market.

Not suggesting anything improper here just that they go right through a company and review the market size etc before they invest money so they must believe that it's got legs...