Think the point kipling was making was 32p was excellent in the context of the fact that 30p was expected given the pressures PF was in and the wider market. if 30p was breached then most thought 25p would be tested and who knows from there!!! It now turns out next week we can hope to build/stagnate on 32p. Yes these were issued at 50p, but remember the placement at £1.20. Even the analysts have got it wrong, they said in Dec 14 that early next year we would receive a rerating. The fact we are at 32p is crazy, but what is also crazy is that getting from 50p to £1 may be a stroll in the park.
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