Intralot - comment

Yesterday’s call has been uneventful - a welcome change for the company and investors alike. In brief, there have been no more operational disasters and the equity raise, the US buy-back and the 2025s refi have all taken place, re-uniting the company, giving ROW access to US dividends and making the 2024s the next major maturity. We’ve done very well with Intralot, but will have to revisit if it makes sense covering Intralot further. The company is in an interesting position in a growing sector.