I suspect the market scepticism is justified. The 52 -wk high was £1.91 nearly a year ago. The latest price being £1.13. Net debt stands at over £711m as opposed to £657m in Sept 23, dwarfing the market capitalisation of £161m. There has been some speculative investment from the middle east, but investors will have noted potential issues re bond repayments, with 2026 a big year in that respect. The insurance side is a huge problem, with a big drop in policies sold and profitability an ongoing issue. Any sale and leaseback of the ships will obviously solve the debt issue, but will mean higher costs. In all its a dog’s dinner of a company, and a dog of an investment.m