- Receipt from customers up 11% for 12 months. - Operating cash...

- Receipt from customers up 11% for 12 months.
- Operating cash flow up 88% for the 12 months
- $11M out of the $13M investment that was flagged in the 1/10/14 Investors presentation has now been spent. This seems reasonable now that their store network should be 70 given that it was 63 in October.
- Cash on had $30M a reduction of ~$5M a quick calculation tells you that this reconciles against cash generation and investing activities.

This is an impressive result for a company which has expanded its store network from from 24 to 70 or +190% over the last 6 months and was still able to generate FCF over the 12 months.

The full affect i.e. margin expansion from direct ownership of stores should be seen in FY16.

It is likely we will receive an operations update in a few days as was the case last year, which will shed light on investing activities.

Likely to get a decision on dividends at the end of February or preliminary final report.