Compelling case for an investment., page-8

@MarsC,

Please don't tell me you are doing some active research on this thing with a view to potentially investing in it?! You should be able to tell that this is the quintessential cigar butt investment.

In terms of the employee numbers, yes, I basically derived them from commentary in various company presentations. Obviously the company never quotes average employee numbers for any given year, so I have estimated the averages using year-end estimates.

Some years no explicit mention is made of the year-end numbers; just the extent to which numbers have changed on prior periods, so there's that element of extrapolation, as well.

As for the employee expenses question, I do not have the relevant spreadsheet at hand, but will check on the figures when am able, and will revert accordingly.