Originally Posted by
Pricey
Just had another read - the definition changes will hugely benefit ACMR over the coming months, and exponentially at the start of next year. Rather than averaging over 12 months, it will simply be the last 3 months of volume fees. ARPM will no longer be dragged down by historical figures. Interesting that PPH no longer feel the need to "remove the seasonal effect" though, which is why it was averaged over 12 months in the first place.
Expect the SP to continue to hover around these levels until US$72m.