The full year results are likely to be out in the next 6-8 weeks...

The full year results are likely to be out in the next 6-8 weeks and there has been no guidance form the board on what to expect.

Because we have not seen a profit warning , I am expecting further improvements but still a long way off the profit aspirations the board had hoped to achieve had the hybrids been able to be converted as proposed

Is a poor result better for the Hybrids chances of a break up , or is a good result better for them on the basis the zero coupon bond might get?

At .04c on the shares and about $9.00 on the Hybrids Mr market still believes the offer as fair , even more so now in my opinion as those who elected to reject the offer now are prepared to accept less on market by selling hybrids at $9.00