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The gross contract element is a positive here for sure. Question is how much losses do they have to endure on the other ones?

GI, yes I was. This is not really a great resolution though as far as I can see. All a bit vague still too. Still, it is a start I suppose.

Ok, so kind of starting from scratch so shouldn’t see any fines weighing on this years results.

So stuck with loss making contracts for 4 long years & no recompense for historic fines.is this really a good resolution?

So, will the forecast £180m earnings be less £ 90m fine again.

I suppose not enough meat on that RNS to justify a breakout!

Good news but as said the devil is in the detail which will pan out in time. More progress though & I’ll be adding more at these levels. Long term will be a decent multi bag I think!

I doubt they’d have RNSd if they were expecting a poor outcome!

Well, if that gets confirmed today’s rise is kids stuff. On confirmation of that sort of news I’d expect us to back in the FT250 in no time. Then the real rerate starts.

Rocket, where did you get that info? The ability to bail out of those rubbish contracts early would be a game changer.

£180m annual earning without all the fines/impairments would have the SP at least 5x the current level.

The Germany issue has been key to the trajectory of this SP. The other stuff is chicken feed in comparison!

Should be interesting few days. I’d suspect today’s rise is mainly shorts covering their butts!

I know the feeling John. 3 years & watching shares like Hochschild which I used to have a decent holding in 10 bag + is painful.

Full of the Songs of Spring as ever John!

The shorts have to go now. Way too low.

This must be the biggest daily rise in the last year or so. I guess the RNS release does indicate positive news abound but who knows with this one?

The devil is in the detail but a positive German outcome & an end to it weighing down annual earnings should send this back up to respectable levels again!

Nothing there that hasn’t been already said.

Germany is key to whether SP recovers. WMT is a sideshow IMO.