Na Doug
They hiv tae get yon debt doon. They wont return to 25 % EPS divy any time soon. Any more than 10% in 2017 would rub up the banks the wrong way. They also need to keep dosh for entry into other attractive segments of the legal market. Sailing less close to the wind would help too. Just my opinion.
Anyhow - see you in Tokyo in 3 and a half years. RWC will look good at Murrayfield.
Mel
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