Thanks Riv, I guess the question that immediatley comes to mind...

Thanks Riv, I guess the question that immediatley comes to mind is whether they can continue to compound growth in free cash flow, that is more important to me than earnings (although it is an impressive record as your say.) There have been a few dips over the 10 years in FCF which probably reflects years of higher Capex - as I would expect - but it has also been impressive.

The thing is that nearly every metric you look at is healthy, ROE is great - and historically so, dividends have grown every year bar one, operating margin has consistently been over 20%, almost no debt....

Look forward to the AR so I can really have a look at the business from one year to the next.