Ann: Appendix 4D and Half Yearly Report, page-6

I added to my position recently at these low prices.

I agree with your analysis however earning would increase even in a flat interest rate environment as their loan book turns over. The last interest rate increase was November 2023 almost two years ago - since then steady and recently falling. The decreasing interest rates enables margin improvement on that segment of loans on adjustable rates.

The services business should move from a loss to break-even this year and I hope onwards and upwards from there. I see a strategic alignment in maintaining the services (scheme of arrangement) business as it will assist them managing their own at-risk loans.

The patient will be rewarded handsomely with fsa over the coming years.