I've had a thought. Obviously not all works occurs at the same...

I've had a thought. Obviously not all works occurs at the same time. So with recurring revenue some of the lumpyness may be due to when they accrue the renewal fees.

e.g first half 19 is 35% up on first half 2018. But this would include RR up for renewal in second half of either of those years.

So now I'm not so certain they've actually lost any RR, depends on when exactly they take it through the books.

So with that logic, full year could still be up e.g 70%. Am I missing something? I feel like I'm right with this.

But again as you've said, its unclear their methodology, so we're left guessing.