Would not dare to say that this is a bad company, me ole matey! That is burning at the stake offense in this forum!
But have a look at this presentation released to the market yesterday:
https://www.nzx.com/files/attachments/154950.pdf
A lot of regurgitation of what the company has presented to the market in the past - with Pike this time round being taken out of the 'rah rah rah ' how great we are doing and what wonderful fortunes lay in wake for those who believe in us.
But most striking is this line :
" Able to pay dividends (a total of 22 cps in the last 4 years) and reinvest in growth."
Excuse me, Mr Knight, but what about the $200m plus of NEW CAPITAL your company have taken off shareholders in the last 5 years?
You are continuing the practice of misleading investors!