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… Read More
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… Read More
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… Read More
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… Read More
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