Port,The only way to describe Peter Cook’s performance is...

Port,
The only way to describe Peter Cook’s performance is disgraceful.
The best thing to do in this uncertain market is to suspend the buy back and allow the share price to plunge with the rest of the market. By preserving the capital, the company can then decide either to resume buyback at a much lower price or use it as reserved capital to tide over the lean times.

Instead this week, your beloved Peter Cook used the buy back to buy as much as 93% of the daily turnover. 15 Sept (314,715 shares out of 339,177 turnover) This level of buy back is nothing short of OBSCENE!

This is a true Peter Classic just as clever as his decision to refuse the $100 million plus legal costs offer and then accepting $20 million without costs after burning $35 million.

And Portable have the pleasure to reward Peter Cook with 976,300 of free options for his sterling performance.

I certainly hope the independent director spells out his stand on corporate governance and board remunerations. Should shareholders be fed half truths and blatant lies and then asked to dish out free options?