The value
- S from year to March 2026 m d at C EU 0.50 0.65: 0.3 to 0.42
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- m_d = (GM - st x m_s - o x GM)/p
- FY3/26 p 0.7191, st 0.25, o 0.03, GM 0.4246: m_s 0.50 -> 0.399
- 0.65 -> 0.347
- FY3/25 p 0.6316, st 0.33, o 0.04, GM 0.4471: 0.418/0.340
- FY3/24 828,768/388,127/70,769 of 1,287,664 = 0.644/