Ann: Change of Director's Interest Notice, page-9

(We might be getting close to your mentioned 12.5x EV level @Transversal.)

Well - I really liked today's downgrade, as it is noise really - and so longed the closing match.

What caught my attention is that the two first sites to be enhanced appear to be producing a decent return on the investment. See pg 17 of the pres today, I correlated this with pg 14 of the 16/8/17 pres, where two sites were enhanced. 29% growth and 10% growth in case volume after around a year sounds good enough to me.

I think there is a good narrative coming related to this, and that this will give the market some confidence I suspect.