Spoke to company today to try and understand the impact of...

Spoke to company today to try and understand the impact of currency and resin price . Currency is by far the greater impact with 400 staff in China but for my a combination of AUD and USD revenue do the increase in USD and AUD is a big plus . What is also interesting is how the currency impact on the rresin price . China are a big consumer and when their currency is weaker they aren’t willing to pay as much which in turn pressures the price down. So we have a double impact both positive for GAP. Resin price down over 5% in last few weeks and most commentators expect significant weakening throughout the year .  I can not for the life of me see what this won’t be a big year. Buy back has been restarted as it will be a cashflow year as inventories are converted back to cash.  restsrrr