Staying with retail, this more the tea and biscuits (and shoes) kind, AVI released a trading update that the market enjoyed. This was for the six months to end December 2011. Results are expected on the 12 of March, but we got a pretty good idea of exactly what they are going to be. EPS for total operations is expected to be as much as 38.2 percent higher than the prior reporting period. 200.8 cents per share. There are around 2 percent fewer shares in issue as a result of continued buy backs. Versus their peer group, AVI are neither expensive nor are they dirt cheap. Investors yesterday were surprised with the trading update, the stock was bought up 3.75 percent by the close, to an all time high. The first half is traditionally much, much better than the second half. The distributions are generous. I have always had a soft spot for this company.