Yes, it'll be interesting to see how the market reacts. Top line...

Yes, it'll be interesting to see how the market reacts. Top line growth is impressive and I've realised my mistake in using last year's figures as a basis for valuation. A separately listed entity will always have higher fixed costs than one that is part of a large group. However, some of the high costs this half were genuinely one-offs and if they maintain growth for a couple of years then the larger cost base will become irrelevant. Arte Mobile is yet to be factored in, overall I'm happy.