Ann: Preliminary Final Report, page-2

As far as I can tell, nothing here changes the picture compared to what could be gleaned after the previous profit advice. Margins substantially down in the latest half year. Without the breakdown in revenues due "registry fees" vs "client disbursement recoveries", and without knowing costs of "postage, printing & stationary", I am none the wiser.

So not sure what the market excitement was about today.

Hopefully, the audited accounts will provide more enlightenment.