Dear Laura McBain - Good news please, page-15

Agreed - great work on figures (as usual).

I ran my figures slightly differently - but am in the same ball park as you, in fact so close it's scary!

I don't have the same experience and knowledge of the business to make calls on this year's expenses. My figures were run predominantly based on previous performance/growth patterns (which I acknowledge isn't much precedence for predictive purposes, but I think does take into account management's under promise/over deliver style to date).

I think it interesting that the two different methods came in so close to each other.