It seems to just be bouncing around between about 3.7 and 3.95, but not going anywhere fast. With a current conversion rate of 1.87 that provides a range of 6.92 to 7.39 which remains below our closing SP. With consideration of how the ASX fell away late from 8 to 7.6 and how the LSE is currently travelling, I would not be confident of an increased SP on the ASX tomorrow. The excitement of the announcement will gradually lose its impact until the next announcement.
LSE tonight, page-211
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