Ann: Change in substantial holding, page-24

Firsova, no doubt you're right. I tuned out of the PPX/hybrid stuff ages ago on the basis that it was all supremely irrelevant until such time as some value returned to this thing. Seemed like scapping over the scraps to me (apologies if that sounds like a simpleton). We need a period of no further disasters and a decent tailwind and who knows....strangely enough though I am slightly positive about PPX minus Europe.