Some pieces of the puzzle from a speculative point of view....
A change of name to Ensogo to distance itself from the I Group? Or needed as part of the change management plan?
New management team to steer the company out of troubled waters. The sudden departure of the previous CEO seems to point to some issues that are now surfacing into the media. One could argue this is not healthy but needs to be vented/aired so the company can move on. Lift the veil.
A realisation the staff ratio was too high hence the need to achieve IT platform synergies in order to bring forward cost efficiencies? Could this have been explained better?
I still don't like the 5.2 million explanation from the previous 4c....and hopefully this wont be repeated in future announcements.
I don't envy the CEO and the job that needs to be done but I think its important to declare the issues to increase faith in the company's strategy going forward. IMO this will need consistent and clear messaging to investors by management as we head into 2015. Use it as a chance to clear the decks.
