Without doubt the first half was disapointing.
However the sales in the 3rd qtr were well up on the 2nd qtr, which has to be a positive.
Obviously a perception of a lack of management ability driving the current sentiment.
I will reserve my judgment over the next couple of halves. They have talked up the euro buisiness so I'll give them a chance to prove themselves. The SP is exceptionally cheap given the fundamentals irrespective of what people think of management.
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