management outllook was bullish pe 11.85 atm, page-8

ricco,

they have just made a MAJOR acquistion and i dont think therell be more acquistions of this size on the horizon

they will grow their EPS via the exising businesses and through this MAJOR acqusition especially

the dosh they make through all this biz will grow the cash at bank

as this grows thru existing businesses, they can use it to make more acquistions in the future

In any case, the debt is 40% at the moment

operating cash flow may be a concern, but it could have to do with timing issues and those one-offs.

if this is the case, expect operating cashflows for H2 to be very strong and also include the UNICCO contributions.