Short Story, page-26

shorts getting heavier again.

Clearly they believe (and were correct recently) that there will be a further downgrade. Especially given the exchange rate deterioration since dec 31.
Either that or they are just trying to dismantle confidence. Also are they trying to get acx removed from the 200? Alex - any feeling on the chance of this happening?

Personally I'm keeping a close eye on the exchange rates as this had a big effect on the H1 rev results.
The ebit results are obviously protected by expenses...