silver linings, page-3

Hi Chris

My understanding is that cash flow from the sale of the Synergy business came through the financing cash flows and not operating cash flows. I will concede that the overall cash position is improved for the sale of the Synergy business.

I could be mistaken and would happily be corrected, but I personally saw some light in the operating cash flow number. I agree though that further commentary (which seems scare from HYO at the moment), the Q1 results and the audited accounts will tell the fuller tale.

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These are the ramblings of a misguided fool, so please don't rely on them. Do your own research and reach your own conclusions.