Dear Mr Chairman, page-7

Rogerh, bit each way on that one. Seemed bemused and perplexed at the share price, which you could take as a positive that they remain confident, or a negative that they're out of touch. I said shareholders needed genuine communication, not spin - and outlined what I thought that meant. And he took that onboard and said it may shape how they brief the AGM - so I'm deferring judgment. He actually offered to meet with me - which I haven't taken up because I'm in a different city. But I appreciated the offer, so it's a shame that others aren't getting the same communication.

Hoyland - fwiw, great points.