Its functioning like a bond proxy, I found it one of my more...

Its functioning like a bond proxy, I found it one of my more resistant holdings over the last week.

Considering the fall WHG held quite well IMO.

A couple of things to ponder while we await the result.

Over the last 8 years WHG has reported in aggregate NPAT of 168.8m, OCF over the same period has been 162.9m of which 134.8m has flowed into Free Cash Flow.

This business produces cash to burn, once the outstanding 15m notes are settled with Macquarie we will be debt free and producing excessive amounts of cash.