1st Draft with Appendices Included

I have now put the appendices in the 18^th February draft to make it more complete.

I also took the capex down to decrease linearly from 2013 to 2017. By 2017, I have modelled no more acquisitions to be made by the company and capex will be equivalent to D&A. As a result the figures have changed a little but the rating is still a hold (target price is now 16.79).

Here's the link to the updated document:

https://docs.google.com/file/d/0B6ESf1-JCd-uanFfTmJhNmY0M00/edit?usp=sharing