OkThanks for the detailed reply, much appreciated. Was listening...

Ok

Thanks for the detailed reply, much appreciated. Was listening to some commentary about Alx being “cheap” relative to the distribution which may not be sustainable at the current level however thanks to your salient comments it appears that it may be 80% sustainable. Throw in the French uncertainty at is worth watching. Aia is another interesting one at the moment. Who would have thought such high quality businesses would have share negative price performance of late- clearly interest rate driven but both Aia and Alx have their own issues at present. Cheers