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@GOCPI
Macro is a changeable metric - I have some sympathy for SK’s view however, anyone who follows election cycles knows perfectly well that incumbent parties grease the wheels. It’s coming. Starmer in government risks taking us back to 2009/2010. They can’t manage money and will almost certainly tax investors more
SK for someone who is not invested you really dont give a balanced response or view do you? If the strategy involves more business from abroad it makes perfect to sense to open offices abroad whilst reducing expensive office space here!
JG-I thought there were some green shoots. I still do and I'd like to think there is a reasonable chance of an announcement at or just before the capital markets day. There are a number of firms shorting this and I really do think any material turnaround will require a significant piece of news on FCF. I am irked that this hasnt responded to the DB upgrade, whilst plummeting after the RBC downgrade. Nevertheless I am hopeful that we will see legs up in the days and weeks to come. I hope there isnt a cash call. If you look at the accounts and EOY report it appears that there are debt facilities to dip into to fund the growth
@adh - thank you for your candour and honesty
It does make you wonder what the hell management have been doing. Looks like they had a cracking time. Great salaries. Hope this can be truly turned around.
SK if you look at the history of revisions they are usually downwards- but the government keep quiet about it-any increase in jobs is normally part time or government-just look at the breakdown-they are not highly productive jobs!