Mathowa,Duly dissapointed I assume.Browning defying the KISS...

Mathowa,

Duly dissapointed I assume.

Browning defying the KISS principle again and muddying the waters with opaque hedging arrangements, so that we"ll never again understand the balance sheet, and all sorts of murky things can be hidden with smoke and mirrors - I thought that error had come to an end when they nearly brought the global house down with it.

The loss on the superferry pretty bad, but not written on his watch.

Huge cash outflow, a lot of it to the US facility build, but still gone from a very robust BS to an adequate one very quickly.

Huge manpower build for the US planned, good environment in which to be doing it, but still I hope they can manage it well.

Overall not sure, been sitting on only a small position since dumping most going into the GFC meltdown. Not yet game to take a large position again with Browning at the helm. Like my companies simple and transparent.

EL