credit mkts recovering as per target, page-15

who are wilsons?

i'd rather follow the likes of credit suisse and merill lynch who both rate rams a buy

as for taking a hit to npat zed, last time i checked rams was trading at only about 30% of its issue price

it could take a huge hit to its npat in 08 and still be cheap at these levels

also, if they are forced to take a bit hit in 07-08 because of s hit financing, then you would expect 08-09 to be much better as the credit markets would surely have stabilised by them.