Ann: Trading Update, page-30

I like the business don't like management. They are taking shareholders for a ride. I like management who tell shareholders as they see it and not try and put spin on it.

Look at past 18 months commentary from management and you know what I mean. At each stage they have tried to paint a rosy picture when in effect it would have been better to tell it how it is.

Also, they have been trying to expand store network at all costs and do it fast but looks like it has come back to bite them bad.

I hope they learn their lessons and focus on just running the business and telling the truth and preferably don't provide guidance when you can't predict with certainty how various regions of the business will perform. Best to just provide update at the end of the reporting period.

Cheers