Not going to defend management at all - but the cliff in the...

Not going to defend management at all - but the cliff in the shareprice is purely to do with the stock trading ex-entitlement to the capital return. Pretty basic stuff.

My point regarding the AGM was that more often than not there is news prior to an AGM so that investors forget about all the other rubbish that may have occurred during the year. In our case it may simply be that we have a cap return in our pockets - but for me they have had a long time to seek out a second deal and a response in relation to this must be imminent.