RE: This journey is just starting.28 Feb 2021 14:32
The only thing that spoilt last Thursday’s results was the additional £70 million secured notes but in the scheme of things, the good far outweighed the bad IMO and for the SP to have pretty much settled back down at the end of Friday to the SP close on Wednesday was overdone. We know the SP doesn’t tend to move in sync with the market (as witnessed on many occasions) but it was rough last week. Sentiment for AML is generally very bullish IMO and as you say carpy, it will be Q3&4 that we really hope to see this tick up significantly with the worst of Covid disruption firmly behind us. I don’t see any obvious justification for this to drop further but with the secured notes and general market sentiment hostilities last week, can accept it being flat right now but I hope to see it start edging its way back up next week - certainly if markets are more positive generally.