most, if not all, was already in the price before the announcement today. I did half expect something after the first half figures and the statement about result of investment in further sales staff becoming evident in the second half.
It says to me that the board are not running the business particularly well.
The language used seems to indicate that the problems have all occured very recently, yet they say that it has become evident 'about costs' over the last few years. Well if it was that evident why did they hire a load of new sales staff in the first half of this year, when a more cautious approach would have been more prudent.
No performance related pay for the Directors this year.
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