Agree with the general sentiments. And specifically I don't think an internal appointment for Manny's job is the answer - time for fresh blood. I'm surprised the Non-execs and big shareholders didn't make a fuss. Also, re divvi and previous posts, the divvi has been cut from 5.4 to 4.5 USc. Wasn't there some talk a while back about stakebuilding by Blackrock? But what's the knockout price for an agreed bid? 150-160? Hardly seems worth the risk of more downside if it doesn't materialise.
Very mixed bag with Interim Div reduced by nearly 17% and SPBT down 66%. Man has been struggling for years (and me with them!!) and I finally bit an enormously painful bullet some weeks ago and got out as I can not see how they are ever going to reverse what has become a monotonous negative trend.
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.