Ann: Change in substantial holding from FOR, page-10

Steve's investment horizon is generally 2-5 years and the track record of FOR seems to indicate that he gets things more right than wrong.

He appears on sky business on a regular basis, and I think it was him that said that this is going to take some time to turnaround so don't expect anything in the next reporting cycle (maybe even 2).

Mkr - I think even TGA management have somewhere indicated that the small business finance business cannot continue to grow at this pace so again, long term recovery of radio rentals will be the only thing re-rating this stock