Axactor’s Q4 report is due on February 12th and both investments and collections are usually seasonally strong in Q4, but we find expectations to be modest this time. The sector continues to be in disfavour, not helped by the proposed new debt collection law in Norway. We hope to see improved profitability and also see a high likelihood of a sale of the REO portfolio sometime in the next 12 months, which would clearly be positive for the investment case.