Sadly NR is right, below is a good analysis of the situation:
Is This 12% Yield Sustainable? - 12/07/2011
More s@@t to fall in August I suspect, just hope some of lands on the Board.
My apologies for my earlier optimistic postings re': recruitment as these are clearly wrong. The management team said this evening that there were fewer leavers than originally thought, the Voluntary Severance scheme would not be renewed this winter and there would be no new commands. The possibility for redundancy was alluded to but not spelt out. Mea Culpa!