Ann: CEO Address to AGM , page-6

Actually, one point which I forgot to add is on the Wilson HTM whitelabel product.

I raised the question at the AGM and the response was they're currently in the next scoping phase. Puzzled with that response I added further clarification asking whether this means:

1) additional capital expenditure required to make the platform "fit for purpose" before the FUA comes through
2) whether HUB is customising purely for Wilson HTM or re-usable for other clients

Andrew Alcock responded that all things done are re-usable and are additional features they'd throw into the platform for all customers as opposed to just a once-off customisation for Wilson HTM. This is the response I was expecting so comfortable with that.

Hugh Robertson jumped in here (and great fact that he did) and mentioned Wilson's a fairly cautious firm and the FUA is their prized asset, hence why it's taking time.

Whilst this all just means that the funds have not come through yet (or at least nothing substantial to report on), I do have some confidence on the current management team just like I do with others as David Thodey and Chris Corrigan.

Will keep my fingers crossed on this and no plans to sell yet 8)