It is unlikely we will receive substantial performance fees this half.

Some of these girls are recovering from injuries, so our performance will depend on how fast we can get them healthy...and keep them healthy. Because we'll have to use a slow progression for some of the girls, I don't expect us to really round into shape until the end of the season.

Fleetwood has a proven business model, generating solid performance. We are very excited about this transaction, as it provides Counsel entry to a growing industry via a premier platform in which to pursue new value creation opportunities.

Broadly, soundings with investors indicate a continuing interest and appetite for new products.

The deal pipeline continues to be satisfactory overall, including investment banking and equity capital markets.

We will immediately cease slugging it out in the PC processor market, which has been dragging down our financial performance for several quarters.