Hi shan/h4c14 Oct 2013 15:22
..well could be one of my Jolly jewel LT holds...
...but I'd start derisking at run rate EV/EBIT over c8-10...which I would put in 50-60p range (pls check the calcs: twice H2 EBIT or 2*£1.1 is my est of run rate EBIT)
..aaoo/dyor, a;;