IR Newsletter:
Earnings vs. Cashflow, Market Risk & a Roadshow song!
Issue 11 October 2007

In this issue of VEM’s Perceptions we welcome Michael Collins who joins VEM as a senior consultant in our Sydney office. In the first of three articles, David Perry looks at earnings vs. cashflow share price drivers. In the second article, Michael Collins makes some observations on recent global credit risk tightening and the bigger picture of global asset inflation. The third article simply reproduces the lyrics of two well-known songs, adapted by David Perry for an IR audience (comic relief!) in a workshop facilitated by him on 21 September.

I hope you enjoy this issue of Perceptions.

Mary Beth Bauer,
Managing Director