I too attended the recent Hills AGM my 30th year as a shareholder in fact. Anyone that thinks letting yet more highly skilled staff go is truly mistaken. Shrinking markets were mentioned in the presentation and whilst true to a point declines are more so a loss of market share to competitors were Hills trained staff have now taken up positions. Back to basics needs people who understand the Hills business, this new move will create yet more chaos in key and fundamental parts of the business. Hills cannot afford transition periods. Let's hope the bold statements of undervalued stock keep buying and boldly push the stock value up and we can all share tea and sandwiches at next years AGM.