Read my post from yesterday re annual report.
IMO guidance/disclosure given in early December compared to the reported result were terrible.
Went from EBIT, to EBIT (excluding non-cash items). Ok.
To EBIT (excluding non cash items and suspension costs) Ok.
To as I described yesterday.
EBITASXRDPCSM (excluding non-cash items).
You can't keep moving the goal posts like that.
That guidance was like 3 weeks before the end of the period.
Why wasn't it disclosed in early Dec or really earlier still, that EBIT would also not include all thrde "one offs" such patents, card scheme memberships and r&d etc.
i believe the company needs changes at board level
Ann: Appendix 4E and 2019 Annual Report, page-151
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