Fairly material increase. I expect we will see similar increases for APT and SZL. Single digit growth QoQ across the geographies.
U.K growth is anemic. I'm not sure why the take up has been so slow, they are 12 months in and they don't have much to show for it.
My position is unchanged, they need a partner or a TO. I think they will need to continue to consume capital at an increased rate to remain competitive. Most of their facilities are looking tapped out.
Be interesting to see what the market thinks of this, price has already been heavily discounted over the last month.
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