Not good, but not disastrous news either. RBS accept that there's little advantage in pursuing the debt and will be expecting AEZ to sell off assets etc to cover the debt. Wonder how much lower that ICR will go - possibly 1.5x before real alarm bells start ringing.
Expect the news on Greece to be bad too, as things keep rolling with their national debt, public demonstrations.. nothing else says retail uncertainty when civil unrest is around.
Maybe i shoulda entered lower, 3-4c target maybe?
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Not good, but not disastrous news either. RBS accept that...
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