Pretty much what I expected although markets seems to have...

Pretty much what I expected although markets seems to have wanted much more, was sold down on the expected lower revenues I thought. I agree why is it IP, if the company is paying for the franchise stores seems odd as basically spending a hell of a lot and not actually acquiring an asset. Maybe it will go as assets on the accounts? Seem hard to track and where and who is this money exactly going to?I think it is for the upgrades of stores.

Once again a disappointing ann with no supporting info or explanation that leaves us guessing, market over reacting IMO though as operating profit was quite strong again.