Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-26

I am still sitting on the fence on this one I love the sector but worry about Debt and that it is a portfolio of companies more then a single company by looking at it. Also the organic growth was ok at 13% but not great, if it drops below MC of 135M then I will pick up some but do class it as a risky play, if at the end of next quarter /half it is strong and they manage to get some costs out then I will be in as I look at TNT and think they must be an acquisition target