Hey Legume,you could tell in the call that some of The Analysts...

Hey Legume,

you could tell in the call that some of The Analysts were taken aback by the surprises (remember the bullish quarterly revenue release). Dream world margins (I am still trying to be clear in my mind on the Big Brother Licence Fee impact / smokescreen?) and AMF performance blindsided everyone.

AAD is not the only share / unit in this market where people are prepared to pay more now for the earnings. Low interest expectations partly explain this - but only partly.

EPS was reduced due to the issue of units being offset by only a part contribution of acquired earnings.I haven't calculated yet what this looks like normalised.

As I said it was OK but missed expectations.