RE: Why the drop ?22 Jan 2020 16:33
My feeling is that the trading update was meant to be earlier in the month and some may be thinking the delay is because of bad news. But I don't think so, my feeling is that the 28th makes more sense as its a consideration of the transitional change at the top and might be even be to highlight new initiatives that the new BOD have in mind. Bookings are looking good and policies are stabilizing, 175K new policies on the 3 year fixed back in July 2019, now might be close to 250K and 3 year policies give many customers the incentive to stay. Over reaction most likely on low volume. All in ever optimistic opinion :)