"I must also note that the share price performance of the Company has been a significant disappointment to the Board, the Leadership Team, and, of course, to shareholders. Although in line with many of our peers, our share price performance has prompted a comprehensive review of the Company’s strategic emphasis and priorities, its operational activities, and headcount. As a consequence of this review, which was directed by Mr Byrne, the Company has reduced staff and expects to reduce its overheads by around 20% in 2013. We believe that this change in strategic focus, coupled with increased fiscal rigour, will better position the Company over the longer term."
Ya think?!?! I could only imagine where the company if they cut costs years ago....
Ann: Annual Financial Report 2012 , page-2
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Mkt cap ! $200.7M | |||
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