Good pickup. If you go to page 16 of the latest half-yearly...

Good pickup.

If you go to page 16 of the latest half-yearly report, you'll find the following note that discusses the fact that previously R&D tax incentive refunds had been booked as revenue, rather than as income tax benefit. This affects revenue, EBIT and tax, but not net profit (earnings), asssets & liabilities or cashflows.



The current low prices aren't making me smile either, but I'm holding. If there was any substantial holder or director selling right now, I think I'd be out. If there was any substantial holder or director buying right now, I think I'd double my holding (but less than double my outlay). On a knife-edge...