Ann: Syd Capital Markets Briefing Presentation, page-55

Not surprised by the price action we've been seeing. Doesn't mean it's not irrational given the strength and quality of the company's fundamentals, but it's clear the market needs a real catalyst to get excited about, and until then we can expect the sellers to dominate. The market needs proof that the company will actually be able to execute on its strategy and unlock the potential of the incredibly large pipeline. It's not shorters driving this though (they've actually reduced), it's holders whose patience has run dry.