Good afternoon, sir.

Thank you.

Um, welcome to interim results for Keystone six months ended thirty-first of July twenty twenty-six.

Um, I am unsure exactly how familiar you are with the model, but Keystone has been, um, alive and well for the last twenty-five years and operating very much the same model now as we did right from the start.

Uh, at the time, a very revolutionary, disruptive model, uh, lawyers working from their own offices, earning a high percentage of fees rather than the conventional partnership employed salaried model.

Uh, this gave lawyers, this continues to give lawyers, um, a great sense of freedom and flexibility whilst also allowing them to be part of a strong community, to have all of the support and the infrastructure of the conventional law firm.

As we-- throughout the years, we've grown bigger, we've grown stronger.

That's not really changed dramatically over time.

... kind of coming into lambing in the next couple of months.

Yeah.

We, well, we start lambing late July.

Bulk of our lambs are in with the Southdowns is in August.

But, uh, our Merinos are lambing at the moment, and to be honest with you, it's probably one of the better seasons we've had.

I mean, the last few years have been pretty terrible, to be honest with you.

Like, last year, our, our, our lambing percentage was down to billy-o there last year, especially with the Merinos.

What, someone who maybe, you know, is, is thinking about getting into sheep or maybe thinking about setting up a stud and, and they're thinking of, of, you know, should they go along and, and watch even the sheep competition, what would you say to them to look out for, to think about as they're, you know, maybe watching the, the competition as a spectator?