JBL half-yearly report, page-15

I don't hold BHD either (sold it before the suspension), but it's good to see this going ahead. I think it would be a trickier proposition for HML to go down this path, but you never know.

I'll be interested to see what their plans are for extricating BHD from the JBL management services agreement if they're successful, and whether they'll try to do it without having to pay a penalty fee.

Ultimately this detracts even more from the value of JBL and makes the JBL takeover offer for HML even more unattractive than it already is.