Ann: Quarterly Activities Report and Appendix 4C, page-14

Of course it has....but the issue here is how much are they getting from the deal...and trying to work out breakeven when they're still going through lots of cash and now no longer disclosing trade numbers....and also not providing exact figures on things like uplift in subscription revenue either (in theory it could have been just from that if it grew as much as they said, but highly unlikely)

I would have thought even just partial interest from May would have increased overall revenue by more...since cash in accounts didn't drop really. Which is why the trade volumes and revenue should really be disclosed to see what sort of drop off is offsetting the very favourable revenue from rising rates.