PEH Chart, page-108

I think there would definitely be a point of concern here if we hadn't also see the massive leap in the quality of any media being put out from the company. Best I've seen around lately, especially for a company if this size. They're taking their image very seriously, which is good given how many conferences etc they're going to.

Technically we were actually looking pretty good there for a wee while. Then Brexit destroyed market sensibilities.

Fundamentally = All good
Techically = A total mess
... but then the macro conditions are gearing everything to a mess... confusing times.