RE: Conservative award estimation from broker: £219m22 Jan 2023 11:25
Gig - the market will be pricing in the worst case scenario of the settlement and has found its level in the mid/high thirties. Ergo, the market doesn’t believe that this could settle without Nano retaining any of the settlement. Pulling out a sound bite from the Edison note - when people have already pointed to what it likely means, the RNS is clear, and the market has reacted in a way that £0 isn’t realistic - is pretty irksome.