RE: RNS21 Sep 2017 11:05
Morning to you too Mayfield and all.
I can see where your coming from, yes it would have been very nice to have an all singing dancing update with bells bows and whistles, but that has got them in trouble in the past has it not! Better to have a more realistic/believable update, in the scheme of things it was a bit of a non event but a whole lot better than another profit warning and we know what happened then...........Done over is perhaps a more apt term than overdone. (what will shorter's do now?)
Progress on new CEO........What can they say until they have made a decision, IMO don't think saying we are still working on it would have cut much mustard. I was scathing of Cotton mainly because he seemed to have taken his eye off the ball/business for a while and was much more involved with other things. Give him his due though he stepped down promptly gave up all his share options and even paid back some expenses, not many CEOs would do that after so many years in the driving seat.
Overall the restructuring appears to be having a positive effect but it would not surprise me if another comp in this sector are smelling a chance to steal the growth.........Maybe they don't actually need a new CEO?