To say there has been frustratingly slow progress in this company is an understatement, particularly for someone like me who has been there since IPO and most capital raises since - a "true believer". Having said that, they have done most of what they said they would but just at sub-glacial pace. Obviously still quite a few boxes to tick but I think my faith is going to be rewarded in the near term. The fundamentals are getting more sound by the day and government delays have played a large part in the time line. By my calculations, Hiscox should well and truly be out by now and so the drag on the SP should be much less. Hopefully the small turn around in the last few days means most of the doomsayers are out and the "believers" who are left might see our pain rewarded as milestones are reached - some of which should not be too far away.
SEH Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
