Ann: Half-Year Report and Accounts, page-16

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    HWNN: Thanks again for your post, it has forced me to not only read the entire company presentation thoroughly, but also to model on a spreadsheet the cash-flow/ profit over 5-6 years, using my own assumptions of course.

    On this basis I agree with most of your post and can see a valuation of this company roughly twice the current price in the next 5 years or so.

    DYOR of course and that applies to everyone who reads my amateur ramblings.
 
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