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Most of the bad news, the concerns about corporate governance, the previously overly aggressive accounting is in the share price. The company have not been a paragon of all the virtues- far from it. But if the new non-exec, backed by M&G, are getting the company into a shape where (notwithstanding previous misdeeds) the company is once more a sensible investment proposition for main stream funds, the price will only go one way. I am optimistic that the statement will be more balanced than the past, less waffle, more about delivery and cash generation- in short "more grown up". If it is, and if there are further moves to strengthen the Board with quality NEDs, a bit of institutional buying will power the price.
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