Ann: Chairman's Address to Shareholders, page-11

I went to AGM. I asked about the comment about importance of 4Q. A lot of business occurs in 4Q of financial year and as this year some receipts may slip into following year. It also means profits are skewed to second half of financial year. It will mean 1H profits will need to be compared with 1H LAST year not x2 to give this year's profit. Given they mishandled announcement of quarterly I said they would need to be careful how they handled half year profit which they seemed to recognise. Bell Potter just released a bullish report with a piece target of $1.20. Personally I would like to see more evidence about how the business is travelling before buying more,as 1Q result was a worry.