Not uncommon for incoming CEO to release an update to wipe the slate clean in a manner of speaking and deferring responsibility for the bad news on to previous CEO, which is the case regarding the high priced acquisitions. NSW foray not looking good & raises question regarding value of Sharks sponsorship. I never could see the connection. Money would have been better spent imo on stationary and sponsored trips to conferences for referring doc's. Still I suppose the CAJ exec's got to spend time in corporate box at the footy, feasting on seafood paid for by CAJ shareholders I imagine. SP finally broke the 11.5c barrier, on the downside.
Ann: Appointment of Managing Director, page-16
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Mkt cap ! $309.1M | |||
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