The perennial problem we have is that our valuations are invariably out of step with the going rate. Whether that's a deliberate ploy to give the illusion of being in the market without wanting to spend is open to speculation. Nonetheless, I would have thought this season we would be exercising our competitive edge and making the most of being a more attractive proposition. We've certainly done well at the lower end of the market but will we continue to seek out small fry or try and land some bigger fish? We're told repeatedly the money is available but that's of little comfort if it never sees the light of day. Perhaps, we're still being haunted by ghostly spectres of administrations past...