RE: A good week20 Jun 2026 09:58
Just caught up with RNS and been going through the posts of yesterday... most notably important are the facts as laid out by OffGrid..
"But check the killer detail in the text: the RME contract converted to the risk-free gross structure "from 1 January 2026."
"Think about the legal mechanics here. For the last five and a half months, Mobico has been operating under the old, painful conditions. Now that the deal is backdated to New Year's Day, the German Authorities must legally reconcile the books."
Absolutely correct, and shorts will want to wind down asap, and I suspect one or two will have already started to adjust out on Friday. Looking forward to re-adjusted Q1 update taking above into account! Not far away now. Also seen encouraging results from FGP few days ago. All bodes well for us!