Ann: Change of Director's Interest Notice, page-16

My thoughts mostly governed by my stomach and the taste of a slab of Maggie Beer Triple Cream Brie topped with walnuts/quince paste/verjuice and baked in a warm oven for 12 minutes. How good is that?

Aside from the existing MBH business which seemed to be gaining traction earlier in the year Hampers and Gifts was purchased for a price that left plenty of room for some great earn outs on short term performance. Big incentive there to have driven the business hard with a a locked down captive customer base.

Price action has been very stable since the raise at 35 and has the Algo strategy all over this, bid up to get the volume but always close it down a couple of ticks. Every now and again a couple of large lines offerred/bid and then taken. They pretty much have the market to themselves with minimal retail action.

That...and in the words of Geoff Wilson commenting on the e-commerce aquisition back in March- "Its a very smart transaction. It's a cracker of a deal"

Who am I to argue as long as they are Maggie Beer Oven baked Crackers with a Touch of Sea Salt.