I think the key to this lies in the expenses. Current expense ratio v revenue is too high at 28%. Whilst revenue is moving up, it's not yet clear whether costs are moving up as well. Some of the costs will be fixed, so as the revenue increases they form a smaller proportion, but the question is how much they have had to invest to drive the revenue. When we get some clues on that we should see some movement.
RE: A rather muted response!
Yes I think the market wants to see the cash in the bank financials don't they . Still , an excellent RNS and a very good step in the right direction.
A rather muted response!
today on the back of today's excellent RNS.
Not the worst typo I've ever done.... Put on a CV once "used to working with the general pubic" Instead of public. They brought it up at interview...!
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