I would have said the same( presenting a good picture) if it was not a year end. The auditors have to look at all of this as well. In addition they have still had to fess up to the hedging which has cost the company around 4m this year. These losses now behind them give you a buffer going into 2010 for those results.
I don't think that mgnt are going to do too much. If there is a changing of the guard they wont want to have alienated the new guard. This is a non executive battle.
I agree its not one to bet the farm on but I think they need to start communicating as well so that the true value can be seen by investors.
Disclaimer: I take no liability for the accuracy of my post. Do your own research prior to making any investment decision.
PSH Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held
