Micky,
I believe Royal announced a significant decrease in staff in the last quarter. I suspected the large "admin" charge in the last quarter was all about redundancy payments. A quick phone call to their Co Sec confirmed that to be the case. Again, look past the numbers rather than jumping to conclusions.
(Ignore previous sentiment, I had a brain block and thought I was talking about Strike).
Woof!
unbelievable results, page-8
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