Happy New Year all !
rogerl, I think the good news on picking will price itself in in the first quarter as any risk to the crop diminishes as it nears picking time. We should see a continuation of the rises, which should be followed by a new EVO note after picking is done, probably after interims, which will then raise targets with a crop in the bag and as we know, all sold in advance. As far as I am concerned the 175p is a pre pick target price, once its all in and the 24p EPS target is safe, watch it go ahead of prelims and dividend. I think with the Chinese Yuan getting stronger, and any more supermarket deals, we could see the 05/06 EPS forecast of 24p being raised upwards by a decent amount.
So yes, Q1 should see more gains, and then Q2 larger gains based on an upgraded EVO note after picking.