2016 Guidance Affirmed, page-177

When I spoke to the PR/Marketing executive I gained the impression that guidance was being affirmed because there had been a whole range of moving parts and as a result of this there was no need for a guidance change. My discomfort was that I could not get any info around the LGC bank they hold and around the little snippet in the AFS that indicated they had sold some certificates in the 2016 year...

My understanding - purely what I felt was that they wont be issuing guidance changes for individual areas of the business unless there is a need to comment like the LGC issue and dont see that they have to update the market if the basket of results meets guidance expectations. So I dont expect to see them issue a change for Oakley unless Oakley changes the guidance of the group...

As regards FSW - I dont read too much into posters with a new account 11 Jan 2017 and who only post on one stock and don't hold it but also suggest you sell ... If they are doing research then please choose something easier than ERM... FSW first post was after the broker downgrade 27 January...

My personal belief is that they are shorting it - which doesnt require disclosure but at least they are being honest in their sentiment...