Thanks Emu, with this correction it seems that it really was...

Thanks Emu, with this correction it seems that it really was only the institutions that adjusted their holdings and not by much either. Suggests everyone is sitting - not indicative of a problem or any impatience with having to wait a bit longer. I don't see a problem, am trying now to pick up some more PENOC at the extreme discount on offer.

You know, I wonder about the performance shares issued to directors and the MD. Would this put them in a better position should there be a PALA or other sponsored takeover, depending on the price offered, obviously? I wonder about the definition of performance. Perhaps it is future performance and not we would normally expect. If it delivers a decent takeover price, I will be happy. Just musings.