Ann: Watpac Limited Full Year Results - Press Rel, page-5

re: Ann: Watpac Limited Full Year Results - P... Cheer Zonker,

I've got many gripes with the report as well. You'll also notice that "Bonus" calculations will use the current underlying eps of 8.3cps. But recall that the stated guidance for this year was ~12cps, and the reduction in earnings came about because of payment disputes that were supposed to be settled in FY12. These have now been resolved positively, and automatically this FY starts from a base of 4cps, and this will be in addition to underlying earnings for FY13.

So many other little bits and pieces that have also caught my eye. As I said, the remuneration report in its current form is unacceptable to me, and partly because of some of these underhand tactics to screw shareholders. They must think we're zombies or something.