Ann: NOTIFICATION OF RELEASE FROM VOLUNTARY ESCROW, page-4

Yeah, don't disagree.

Is more that these roll ups rely on momentum and the prospect of capital growth to attract both investors and vendors.

Without the regular sugar hit of acquisitions the share price just drifts down which makes a vendor selling to HLA less attractive.

In my humble opinion, they need to announce a few more acquisitions this calendar year and absolutely must pay an interim dividend to support the share price and regain momentum.