Couldn't agree more as regards the "troughing" of directors. No matter what happens to the company's sales, profits, prospects, even their survival, these masters of mediocrity reward themselves lavishly, not to say outrageously at the expense of those of us that actually own the company. I was glad (surprised but glad) that the institutions made a bit of a stand with BP. Previously there seemed to be a much too cosy relationship between BOD's and the institutions/pension funds that should have been holding them to account. I have no problem whatsoever in rewarding directors and Management of companies that have done well for their shareholders (stakeholders even), but I have a really big problem with useless fat cats rewarding themselves out of all proportion to their performance. It surely is not too difficult to come up with a remuneration package that rewards success and penalises failure.
good morning all.It is very frustrating when well established fairly high profile businesses, performs in a mediocre fashion but the management seem to compensate themselves in a more than mediocre fashion, but look on nearly all the boards here and you will see the same comments from the shareholders. I loved it when management of the big ftse 100 companies justified their huge pay packages and bonuses, with the comment that " you need to pay the best pay to get the best people" and then they were dropping like flies and squirming, trying to blame everyone for the financial crash. Im am indeed from the great Border city, born and bred, snow yesterday and sitting in the garden now having my coffee. I love the UK
Yeah-me too and my book loss is a big b....r having been born at a time when the SP was considerably higher. Modesty forbids me from being more specific. What gets me about this company is its seesaw portfolio-when the Flagship AHL is doing well the rest founder and vice versa but "management" seem incapable of creating a balance between the two. They're supposed to be Hedge Fund experts for heavens sake yet all they seem to be capable of is following the mainstream of bog standard fund managers. "Challenging conditions" comment- agree entirely. Some of the Mangementspeak in company statements beggars belief!! "thecumbrian"-do you hail from that part of the world??
Don't I know, it was resilient when I posted. I'm a holder here for divi anyway, ( I'm pig headed won't sell at a loss) The challenging conditions phrase is used by them all to justified their huge underperforming bonuses while our portfolios wither, come on man
Resilient? Mmm.SP has collapsed 5% since you posted aided and abetted by Ex-div Day. So, after a brief moment of glory following the results, back to the normal dismal daily read. IMHO I think this share is stuck in a rut and will be for some time. Manny is always quoting "challenging market conditions" as a reason for mediocre performance and I can not see such conditions changing for a long time as the World is in a turmoil economically, politically and socially despite what the political manipulators tell us.
If you’re looking for genuine growth stocks then focusing on smaller companies may be more profitable. One possible option is hedge fund firm Man Group (LSE:
EMG). Man Group’s shares rose by 5% this morning after the firm said that it attracted new business during the first quarter, despite “challenging” market conditions.
What interested me most in this morning’s update was that the firm’s algorithmic trading division, AHL, delivered investment gains during the first quarter. Poor results from AHL have been one of the main reasons for the firm’s slump in earnings over the last few years. Improved results from AHL could help drive stronger earnings growth at Man.
Man shares currently trade on a forecast P/E of 11 and offer a potential yield of 4.3%. Further gains may be possible, in my view.
The world's leading oil exporters could be finally about to take action following the fall in prices.
Members of the exporters' group Opec, together with some other oil producers, are meeting in Qatar on Sunday to discuss freezing output.
They want to push up the price of crude oil, which is less than half what it was in June 2014
In previous episodes of falling prices, Opec has been much quicker to respond, often cutting output.
The agenda for the meeting in Doha, the capital of Qatar, is a freeze in production. No cuts in other words, just a commitment to no more increases.
But even that possibility has given some support in recent weeks to the price of oil. The low it reached earlier this year was about $27 a barrel for Brent crude oil, one of the leading international market prices.
This week it has been very close to $45. That is to a large extent due to traders considering the possibility that some oil producers are close to taking some sort of action to push prices higher.
It's worth emphasising that even at current levels the price of oil is far below where it was as recently as June 2014 - when it reached $115.
The fall has hurt many oil producing countries. Earlier this week, the International Monetary Fund said it had damaged financial stability and the government finances in many of them.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.