jamie - Sounds like a reasonable theory. Since a takeover, buy-out etc were always a distinct possibility, perhaps I should have added a reservation to the 3-year view ... supposing that it retains its plc status.
If this happened, what might be the buy-out price? Presumably they want to be confident (maybe already are) that the company is a goer. The longer they wait for proof of recovery, the lower their risk but the more they may have to pay.
Finally, if true - big IF - is this share a one-way bet?