Maybe one of the corporate savvy guys possibly Sunfish could answer my questions.
I undestand that this is a credit downgrade, therefore the cost of QF debt (borrowings) increases to reflect an increased risk. Is this right?
Increase in cost of funds leads to reduced profit.?
Reduced Profit forecasts mean falling share price?
What KPI's could Joyce be achieving that in any way shape or form justify his recent bonus/pay increase.