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Discovery results presentations are always an "event", with analysts constantly debating afterwards about how good the company really is as it continues to weave a web that draws people into its multidimensional models of intertwined offerings. Despite being of a very functional design, this time I overheard murmurings about "New Head Office Syndrome" from the older attendees. These sceptics can list several such disasters — for example, the late lamented Premier Group’s precipitous earnings decline in the wake of the opening of its new head office in Killarney in the 1980s. And there were many who were disappointed not to hear more about the bank, which will now only "be launched during 2018", with no specific timeframe.

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