If you think this is declining just wait for 2016, page-2

I have been watching HIL also. I think you are correct. The decline in the business is amazing, and all seems to be an "own" goal, started by some interesting decisions re senior executive changes in late 2012. Seems these changes only took just over two years to completely destroy the business. I also note that the Chairman of HIL is up for re-election. From what I have read from HIL's own announcements, the Chair was the architect of this debacle. To even consider standing after the decline in the performance is astounding.