Ann: Annual General Meeting Presentation, page-7

I was kinda hoping MB would be there so I could let out a ‘woohoo’ when he officially stood down but I think they purposely had him absent to signal in the new management.

When I pressed them on future profitability they admitted the ‘previous management’ had a bad reputation for over promising and under delivering. The ‘new management’ won’t be making any promises soon on profits. They also admitted it was the ‘largest shareholder’ that drove the leadership change.

As to positives all I can say is the relative lack of spin(and arrogance shown by the previous MD) and acceptance of previous sins was what I took out of it.