Ok, looking at the rem report and I think I'm understanding a...

Ok, looking at the rem report and I think I'm understanding a bit more. The STIs (short term incentives lol) are based off reaching EBITDA hurdles. Only the LTIs are based on EPS performance.

It still seems a cheap company, but yeah, someone needs to tell them their short term incentives is based on EBITDA which seems to be encouraging them to chase debt, and perhaps a bit generous being a 40% cash bonus.. how does that stack up against OML i wonder..

And yeah, I'll be looking for what happens to that positive interest income. If it's still there, then it's clearly a feature of their finance arrangements. In which case, there's an issue with Morningstar data which perhaps is discouraging investors.