RE: JP Morgan...14 Jan 2023 09:17
Hi clairesmith
Couple of errors in your argument, I think. The change of monarch does NOT impact note production volumes. Currency is simply taken out of circulation and replaced in the same way, and at the same rate. Also CRS is in rundown, so is unlikely to increase its holding. Also the CRS constitution does NOT allow them to takeover DLAR. They actually want the company broken up, and the printing and security arms sold separately. The latter is where the value is. I must agree this seems cheap, if the turnaround plan ever impacts!