Ann: Update on JB Financial Group transaction, page-17

This where Leadenhall's report and valuation range (which they've already said HML's valuation lies within) will be interesting. How big is the range, what uncertainties do they ascribe to it, what will be revealed about the nature of these business now that they've been running a bit longer under the JBFG umbrella. Can't wait to see these details. It may help put things back in a more positive light than what we're generally seeing, but I'm not holding my breath at this stage.