Yes but revenue has remained flat. Revenue will be where the interest income is reported so what has the impact been. Also they talk about a seasonal impact so is using the Q4 FY13 as a compare to Q1 FY14 the correct comparison?
I have reread the announcement and sent an email to CCV for clarification but I am still of the view the trading update is as a result of the regulatory change and the impact it has on the results. All in all the update reflects growth.
Based on that the sp has been unfairly punished and have dipped my toe. And will be waiting in the wind to possibly more.
Ann: Trading Update , page-10
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