LE raced through his pre-recorded presentation.
No mention of Q1 revenue growth unlike previous years - so I’d assume slower than historical rates.
Unwilling to talk about margins
A number of questions dealt with as opposed to informative answers.
Did say that they’re unable to do on-market buybacks due to legislation. Hence, capital returns are a possibility.
Significant increase in employees- currently in excess of 1,450.
I conclude no likelihood of an IPO in the short term - as one independent director is a prerequisite. Appear to be happy not to be have that oversight stating alignment of interest with shareholders given 70% of the company is represented on the Board.
Let me know if I missed anything as it was all over in 25 minutes.
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