1: agree with your point, this only really explains a couple of...

1: agree with your point, this only really explains a couple of pips in the lead up to EOFY.
2: again agree with your point, been hearing about the big boys manipulating this one for nearly 2 years now.
3: 3 from 3, agree again except to say I think the new team did bring some confidence. People reading no further than the headline of the NCA debacle could possibly still be tarring the new order with the old order's brush.
4: and again.... the multiple focus aspect can be a positive, if presented with tangible guidelines and some data / direction. The lack of data means I can fully appreciate your position that multiple focus can equate to a lack of focus.

There's a 5 & 6, which is the impairment of GK and also I think it's that JAT need to prove the spike in sales / profit etc wasn't a one off. And this report will either prove or disprove that point. All the announcements in between have been lacking sufficient detail to adequately evidence an overall benefit. This will be laid bare in the audited accounts so we'll see soon enough.