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Trung Nguyen @SWI's avatar

Congratulations, we both had a great month! Hitting all time high as well for PA and Sleep Well Portfolio.

Wolf of Harcourt Street's avatar

Congrats mate, so much in common.

Alberto Maffeis's avatar

Are you considering buying a bit more of Evolution with this cash? Or are you expecting more decline?

Wolf of Harcourt Street's avatar

I'm not considering adding to Evolution at the moment. I'm uncertain about the impact on unregulated revenues from the ring-fencing in Q1. Was that the full extent of it, or will revenues decline further? In another quarter or two, I’ll be better positioned to assess the real impact.

Alberto Maffeis's avatar

I have the feeling that we will have two more difficult quarters. Probably next Feb during the FY presentation we will have seen the bottom.

I planned to buy more at 560Sek

20% more decline

Wolf of Harcourt Street's avatar

I share a similar view, and it's the reason I'm in no rush to buy. I don't need to try to predict what will happen, I can wait to see it play out in real time.

Alberto Maffeis's avatar

Exactly

Let Evolution buy back shares in the meantime.

I believe it's the only positive thing at the moment.

I wish they could buy 1B € at these prices.