All in all it appears to be a responsible update with not much hype attached to it. A good amount of cash in the bank and even with the debacle last year it still nevertheless added a significant amount of cash to the reserves. You could even argue, maybe not convincingly, that we are better off despite the fudgey user numbers. Unfortunately for many of us the share price got ahead of itself. It may take a year to get back into double figures but in my reckoning that is a 200% increase on today’s share price which means it will probably outperform the market.
Ann: Appendix 4C - quarterly, page-7
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