Indeed, high fees paid to deliver nothing. Hopefully that's a thing from the past.
It's now up to the new CEO to show the direction forward with confidence in his ability to execute. He as a record of doing so but investor need reassurance. Clearing the decks was necessary and investors now want to know what that means for the business going forward. I'm hoping to see a lot of colour and details on the outlook with the HY results on the 28th. What level of profitability can be expected as a base line - next year - as the next few months of FY18 will be more about restructuring activities and getting the business ready for FY19 etc and expected cash generation are key points.
BPS Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
