If all 3 business units are firing then that, in my opinion, is how CCP will get a premium valuation versus its historical multiples etc. So, from that point of view I think it's important that AUS PDL business is growing again, in addition to getting the best return out of the staff they have in AUS. The conditions need to be right though, and I think we could be still a few months away. The personal credit stat I posted as well as the data that credit card applications are up significantly are very good leading indicators that the AUS PDL business can return to growth next year. Consumers will strugle significantly more this year than in past years due to big increases in costs of living and mortages, inevitable many will turn to credit cards which is CCP's bread and butter. I think there is every chance CCP could ride a wave of new PDL supply for the next few years emanating from this years cost of living crunch.
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