I agree with almost everything you said, however, this makes no...

I agree with almost everything you said, however, this makes no sense to me...

"Personally I believe that management were well aware of the effect of the SPP on the price. Basically capping it and restricting it from go any further. Why would they do that? Could be one of many things..But I guess we'll find out the reason in the coming months."

Perhaps "capping" the SP is something you can raise at the AGM. I could not fathom why they would want to cap the SP. Of course, an SPP can have that effect on a company's SP, but it can also act as support, which clearly it has failed to do.

Anyhow, like you say, the fundamentals haven't changed and I'm pretty sure that the gold is still in the mountain. The SPP and upcoming election sure stopped NTL's remarkable run in its tracks.