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[…] although we see significant scope for ft to cut costs and deliver a compelling yield and even though the ceo has strong track record execution, the government role in giving ft the flexibility it requires is pivotal. in the meantime, liquidity risk remains and in our view, a right issue is a matter of when not if.
det hedder således i rapporten: »vi opfatter fortsat forholdet mellem risiko og afkast i ft som uattraktivt, indtil vi ser følgerne af en strategisk omlægning.