Argenta Syndicate Management Limited has provided us with updated forecasts for the open years of Syndicate 2121 as follows:

Year of account

Capacity
£000s

Revised forecast Range

Previous Forecast
Range

Change at
Midpoint

2020

424,736

-2.0% to 3.0%

-1.0% to 4.0%

1 point worse

2021

599,950

-4.5% to 5.5%

-5.0% to 7.5%

0.8 points worse

The forecast for the 2019 year of account, which did not close at the end of 2021 pending litigation relating to covid-19, most particularly in Australia, remains unchanged, and is in a range of loss between 5% and 15% of capacity.

Forecasts are expressed as a percentage of allocated capacity and are after all standard personal expenses but before members’ agents’ fees and charges