Well if I stop and think about what you are saying the following thoughts occur to me
Just one other observation - institutions are most unlikely to dive in to buying straight after an AGM on the basis of what is said there. In my view what you've seen is relief buying.
- I know that Dirks early communications reflected a solid, less effusive style
- While many of us were comfortable with it the market didn't respond particularly well and that was combined with a shift from high revenue growth lbeit higher margins that took the gloss off its revenue trajectory
- Many people were writing on hotcopper almost begging for an announcement - any announcement
- The latest announcements are more typical of what we got last year - projections etc. now that's ok but I've noticed people saying "well Dirk's done what he said so far so we can trust him"
- Fair enough - but you know even if didn't actually have control over communication last year - from that ill fated baseline document in December 2016 - he still had his name to what came out
- So for me the jury still has to be out when the figures are rubbery or generalised.
Whether that is sustainable for the short term is a question for me. I agree muppet the board should not be worrying about the share price but my guess is they or at least some of them do.
Parsifal
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