If they can keep 85% of their revenue post sales of italy and the USA from their existing assets and then cut the employee numbers to 1 per $1m of revenue they are on the right track .
This is one of core KPIs Andrew price mentioned at te EGM .
If the staff cuts after asset sales only equate to 14% by 2014 that is still not enough if you believe the Price KPI model of income/staff .
At 4.6c the SP is telling the directors we dont believe you are on the right track , either the market is wrong or the board needs to have a further wake up
I think it is the latter , and I suspect that schroeders or maple brown are getting out ....why wouldnt they , they backed this board to do this exact plan , and look where it is got them , ie 12c with upward momentum on the SP backing Price to now down to 4.6 c under the Boon marchant egg and bacon show
SRS Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
