(A setback) could be a surprise on the conversion charge -- that's the largest issue tomorrow. |
The sector is under pressure today and that's partly profit taking before tomorrow. You could see another 3% to 5% wiped off shares if things aren't favorable. |
There's an element of relief. (There has been) one change, which is pretty good news (the interest cover test), and obviously the 2% figure on conversion charge is payable over a four-year period -- that's very positive as well. |