Ann: Appendix 4C - quarterly, page-229

To repeat a point that I had made in a previous post, I think Management is receiving some unwarranted flak as a result of posters not fully allowing for some of the operational and financial intricacies involved.

Thanks for clearing this up, it is a really useful summary of the impact of time lags on the numbers. Not only is management being unfairly evaluated but I suspect the SP is being pressured by holders not really understanding the underlying picture and actually bailing out and pressuring the SP.

There are shades of difference in evaluating the numbers for emerging growth stocks and steady state mature companies and it would seem that the difference isn't necessarily clearly understood by some.