Gustav with all respect that is not true , it is not same same I...

Gustav with all respect that is not true , it is not same same

I attended the EGM when Andrew Price tried to depose Harry Boon and was defeated.

Andrew outlined a number of ideas in that meeting the then board threw ridicule at.

The Australian shareholders association actually voted against Andrew , but have now admitted that was an error of judgment

Fund managers that supported the old board have sold out, but the big fund manager Alan Gray continues to hold and back the business .

A few note holders took the share offer of 250 shares for 1 note ( about 10% only ) and even though that is low it does all help the balance sheet look for the bankers .

The changes Andrew called for at the time included for PPX to stop competing against themselves and operate under 1 brand , close offices that were lavish i.e. the UK head office near the CEO home , cease first class travel costs for management and the board , stop gold club memberships such as the golf club one Toby had , reduce staff numbers to a sustainable number( I think he said 1 staff per million of revenue which meant 25% of staff had to go.

Many ,many of these calls only happened since the board changed , and would definitely not have if it didn't .

So with respect the same same is simply fiction .

I don't expect to see a profit until 2016 calendar year , but I am hoping they have been able to reduce some bank debt , reduce staff numbers closer to 3 b revenue 3000 staff , confirm UK and Germany are beginning to turn the corner

The biggie for me is that Australia /NZ/ and Canada have been able to hold their market share and continued to deliver EPS growth in their market segmentation.