EML 3.13% 93.0¢ eml payments limited

Ann: Central Bank of Ireland correspondence, page-45

  1. 199 Posts.
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    Interesting perspective. I don't think we know enough about that has happened, how serious and the consequences. Market has reacted based on 100% likelihood of worst case. I see a range of possible outcomes with different likelhoods, so taking a long term view (and a portfolio approach!) I had to buy on value upside over the long term.

    For the record,... I'm not a trader. Am high conviction on this and was looking to increase anyway. But I am not wearing rose coloured spectacles and will be monitoring management's response very carefully,... including the extent to which they keep shareholders informed when they are able to.
 
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