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Trung Nguyen @SWIs's avatar

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

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Wolf of Harcourt Street's avatar

Congrats mate, so much in common.

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Alberto Maffeis's avatar

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

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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.

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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

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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.

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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.

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