Thanks for that Manassa. It is somewhat interesting that Mike is...

Thanks for that Manassa. It is somewhat interesting that Mike is still going on figures on "previous accounting policy", but I won't go on about that.

The correct figures are 2.5m actual versus 2.9m to 3.3m forecast. And since the forecast took place at the same time as the new accounting treatment, my previous comments that they missed due to new accounting treatment are clearly wrong and for that, my apologies.

The explanation "squares" together, and can be taken at face value. The increase in admin costs is still quite alarming, but we can still wait for the next half to see how the trend goes.

By way of explanation, I use management integrity as a filter. If a prospect fails to pass this filter, I stop all further work. I try not to speak to management at all and only use observable and verifiable evidence.

I dont see this as cheap yet, but it is getting there.