It's wasn't really news was it? Most of us had already second-guessed what was going to be announced today, apart from the new appointment, it's just that we've got different scenarios on how the situation is going to play itself.
The only thing that I was disappointed to hear was that they still don't seem to operating profitably before tax. Maybe they are on a monthly basis, but my hopes of a PBT on H2 '06 are out of the window.
At least we can discredit the following claims that the company:
1. .. is losing clients.
2. .. is only talking about EBITDA profitability.
3. .. is only hoping for 4-5% growth