Ann: Clarification of 4C commentary, page-31

that's right viper. salary costs expected to be down as they have reduced staff numbers, improved terms of trade with suppliers so margins and collections expected to be up, invested cash for future profitability,hence cash doesn't seem to be an issue.

you could go away and think based on history there will be a CR.

or you could try look to future and think profits around the corner.

I know which way I prefer to look when valuing a company and investing in stocks.

ps. another option is to look at share price and follow the numbers, and that's a guaranteed loss no matter what your outlook on the company is, if you even have your own outlook and opinion on it.