ALU - half 2 didn't seem as good as half 1 to me. Certainly a...

ALU - half 2 didn't seem as good as half 1 to me. Certainly a great result. My three issues are the new 100k target, and the licence turnover in half two, and the lack of details to allow a segment comparison of half 2 with half 1, which makes analysing half 2 very foggy. Keen to hear from those who have been following this stock for longer about these points

The good aspects are quite obvious.

100k subscriber target. They are planning to lift their subscriber growth rate to 15.5%. Recently it has been 10 or 11%. How do they achieve that extra growth? Price war? Acquisition of a large competitor? Shouldn't they be targeting maximum profitability instead? Also why telegraph this to competitors? (Makes a good headline and narrative for certain!)

Lost licences in half 2 were 9.6% of the total, half 1 and FY17 were just under 7%. Did something stir up some extra turnover?

Segment comparison. Does anybody feel they have a good revenue and EBITDA breakdown of h1 v h2 for B+S?