Ann: Update on Scheme with KKR, page-40

  1. 755 Posts.
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    The priority now should be releasing a plan to get us to a Cost Income ratio sub-50% and investing the cost savings to reduce debt from the current unsustainable levels to ideally zero (at least <$300m).

    Almost criminal negligence saddling PPT with $700m debt to buy PPT at $2b. First year MBA students wouldn't recommend it...but feeding some CEO egos means logic gets overriden.

 
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