I thought these guys were being suspiciously silent, and this continues the trend by doing little more than meeting their basic disclosure obligations.
Income and profit are falling. No mention of card growth, so obviously they're not proud of that either. In fact, the only mention of any growth I could find was talking about markets or getting ready for it.
Most galling of all, after 9 pages of vagueness and "going forward" platitudes, there's 10 pages on remuneration. Not happy.
Why are management (and Abotomey in particular) paid so well when all they are doing is paying UBS to do a "strategic review"? And when will the results of this review be released? I am struggling to understand how a strategic review can take so long.
I hope this isn't as ominous as it sounds:
> "...further disclosure is likely to result in unreasonable prejudice to the Company."
I thought these guys were being suspiciously silent, and this...
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