Ann: Appendix 4C - quarterly, page-29

Although a stable report one must wonder how much of the drop was caused by the perception that this would be horrific and if so why are we still here.

I don't believe the drop was because of a perception of a horrific 4C report. I believe the drop (particularly the latest) was a result of the commentary regarding margins spooking a few and we are yet to know how margins have been affected. Revenue growth is fine but as we know, revenues alone mean nothing if there are no profitable margins on what you are selling. Proof of profit (margins) will be what drives this in the future.