As holder I want the price to go up but I don't agree that pgi is derisked.
As cy7 mention it we still don't know if the recovery rates targets will be met. I think we will have some fluctuations until we know those rates.
Btw cy7 how do you reach those value of 70.1% and 62.3%? I didn't see them in a report and they seem pretty precise for a rule of thumb calculation.
Did you calculate the earning impact of any variation in those rates?
better news coverage today, page-40
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