Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-8

Discretionary spending with higher interest rates has to hurt this IMO. It is more resillient than many products as it is a "gift" "collectible" but in financial stress large parts of potenial market will try and spend less or be forced to spend less. Stores tend not to take on new products and range when ecconomy is slow unless it is a cult product or space is left by other failed enterprises . I am surprised they have kept what part of market they have , no idea how Easter went and still wary of commentary and any rebates for following quarterly periods to keep volume up.

Minor holders IMo are still at a major dissadvantage as investors in YOW as tehy are purely passengers and unless another large outsider decides for some reason to buy in on market or a trade sale happens to leave YOW as a cashbox not sure how a positive outcome can be achieved and how small YOW holders will get a return on investment for the risk . Cash earns nterest these days so share returns need to step up and be low risk otherwise not worth it?

As for changes in significant holders main player has crept on register as he is allowed to and the Wilson reporting is just a anomoly as his fund holds a significant shareholding in the main players vehicle taht has large % of Yowie and hence is considered a sig holder even though he has no direct control over YOW shares.

Just my thoughts