Ann: Appendix 4C - quarterly, page-51

Thanks.

The growth in cash receipts is quite impressive. After spending 5 or 6 odd hours combing through the history since IPO I still cannot put the pieces together as to what has caused the remarkable surge in inflows. Its a bit of a black-box company, with the 20-odd solutions that are provided, and little ongoing commentary on the individual parts.


Following closely and I'll be keeping an eye on the audited half-yearly due in a few weeks. I'm sure William Buck, the auditor, will be running a fine tooth come through the books, and verification of receipts may be what the market is looking for. The half-yearly should also flesh out the source of the growth in receipts too and answer a few questions that are being tossed up in this thread.