EUR Chart, page-271

I think you will find there is still some level on cynicism and people wanting some concrete evidence before investing. I make these conclusions based on the fact that there have been so many significant announcements in the past few months that have not been priced into this share. All of the "re-rates" that have been spoken about have failed to materialise at this point on the back of numerous "good news" announcements. Instead - to this point - there has been a reliance on a buy back scheme to prop up the price.
I am not saying that all of these things wont come to fruition, simply that if you have a history of using used car sales tactics to generate excitement, sometimes it may take some trust building with the public once you become a BMW salesman....
I am hopeful around the upcoming announcements, but will wit until it is a slam dunk before I call it a slam dunk......