Ann: 2017 AGM Presentation, page-32

Impatience is at the root of today's sp decline (less so the spookfish contract - sometimes you win a contract, sometimes you don't, simples). NEA trajectory in the U.S. was ALWAYS going to be post july 2018. i believe they will achieve brilliant results in the 2018/19 yr & patient, long-term investors will be hugley rewarded. i also believe there will ample time to buy in pre july '18.
Another consideration is that should NEA over-promise the mkt will punish them severely if they only just achieve their stated target (go figure) ... on the other hand, i like the fact that they are decidedly understated as to expectations. They will, i'm confident, report stellar growth post-july '18 in the U.S. & punters will be rewarded, finally. Under-promise ... over-achieve - stand by NEA stalwarts, it's going to happen !