My feeling is it all seems to hinge on the Thames contract. If we don't get that, I can't see what would drive sentiment to improve (in the short term). But given the history of leaky ship and recent SP dive, you could be forgiven for thinking the news might not be positive. At the same time, the reason I've held on is the product does seem pretty impressive so I'd anticipate that long term it should head in the right direction.
Where is the Thames Water announcement?, page-16
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