The Q3 21 results came in ahead of market expectations.
The outlook for Q4 is encouraging, with prices still at a high level.
The market has assessed that it will be difficult to do much better going forward, thus the negative share price reaction.
We will still increase our forecasts, at least for the current year, with an under-proportionate impact on the group’s valuation.
12 Nov 2021
Q3 21 results: strong, but the market is demanding
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3 21 results: strong, but the market is demanding
The Q3 21 results came in ahead of market expectations.
The outlook for Q4 is encouraging, with prices still at a high level.
The market has assessed that it will be difficult to do much better going forward, thus the negative share price reaction.
We will still increase our forecasts, at least for the current year, with an under-proportionate impact on the group’s valuation.