Diolch, Llywydd. As we know, Cabinet Secretary, one of the four companies bidding for the Wales and borders franchise suddenly and unexpectedly pulled out of the process on 30 October. I asked you in a written question what the reasons were for that decision and you said in a written statement on 9 November that that was because of their own commercial analysis of the contract. I think, in a statement that Arriva Trains Wales put out, which I think was agreed with the Welsh Government, that they also referred to a risk profile that was not attractive to them. So, can the Cabinet Secretary say what risks Arriva Trains Wales perceived that meant their lawyers advised them not to proceed with this bidding process?