The half yearly IMO is a joke.
Take for example GCS, their commercial arm is killing it.
Last 6 Months | GCS up 78% VMG down 38% !
You don't see GCS telling the world they can't deliver because there was a GFC!
Board has appointed the wrong people and snr mgt aren't stepping up to the plate, simple as that.
There are performance bonuses, and with such appalling metrics, not one dollar should be paid out, otherwise quite frankly it would be a further slap to shareholders and kpis not set appropriately.
Company needs to step back and work out where it can effectively compete and with margins of profit.
The margins are abysmal.
They are obviously trying to buy business with the lousy margins. This means they are chasing the wrong type of work / operating model.
Time for some cleansing and a rethink, now overdue.
Mav
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