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Trading Update Due 7 Nov

lse:purp

#1

Volatility has fallen, there has been a bit of a recovery during which time Woodford has reduced his position slightly, and then a tail off in price recently.

This update could put a bottom under the price IF the strategic plan, including withdrawal from the USA market, appears to have started to work.

Haven’t traded this position for a long time because it is so hard to predict as a business which has made some very big mistakes in an attempt to grow very quickly plus the selling pressure on the stock due to the backing of Woodford and his fund’s current position.

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